966 Dana Dr - Fast Food FOR SALE
Redding, CA 96003 |
$4,250,000 USD
858-373-3184
966 Dana Dr
Redding, CA 96003
HIGHLIGHTS
- Corporate Backed Absolute Net Ground Lease. Recent 10-Year Lease Extension - 20+ Year Historical Occupancy.
- Ranked Top 8% in Chain Nationwide per Placer.ai based on Foot Traffic. This Location Features a Drive-Thru.
- Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility.
- Panda Express, the Largest Asian Restaurant Chain in the U.S., is Owned by Family-Led Panda Restaurant Group, operating over 2,800 Locations Globally.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $84k and over 98k People Residing within a 5-Mile Radius.
- Within Mt. Shasta Mall - a Popular Shopping Destination featuring more than 80 Stores.
OVERVIEW
Panda Express w/ Drive Thru @ Mt. Shasta Mall | Abs. Net Ground Lease | Recent Lease Extension | Ranked Top 8% in the Chain per Placer.ai | 20+ Year Historical Occupancy | W/in Mt. Shasta Mall - Popular Shopping Destination | Minutes from a Proposed Casino | Immediate Access to/from I-5 | Area Experiencing Major Growth | Densely Populated & Affluent Area
FOR SALE DETAILS
PRICE
$4,250,000 USD
PRICE/SF
$1,665 USD /SF
CAP RATE
4%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
PANDA EXPRESS W/ DR-THRU - TOP 8% IN CHAIN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
18
LAND DETAILS
LAND ACRES
0.82 AC
LAND SF
35,719 SF
ZONING
RC
APN/PARCEL ID
107-280-050-000
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858-373-3184
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858-373-3184
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