Redding Best Buy For
1010 Hilltop Dr Redding, CA 96003
1010 Hilltop Dr, Redding, CA, 96003
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For Sale
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30,740 SF retail property in a prominent power center.
Property Size30,740 SF
Lot Size2.51 Acres
Price / SF$253.09
Days on Market1366
Property Features for 1010 Hilltop Dr
General Information
- Standard status
- Active
- Size
- 30,740 SF
- Lot size
- 2.51 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing Agency
Essential Capital Advisors
Listed by
Michael Cisternino · License #CA 01708023
Source
Crexi
Added: Oct 24, 2022 Updated: Jul 6 at 7:52 am Checked: Jul 19 at 9:51 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Essential Capital Advisors
Investment Insights
Based on property information with market context.
This 30,740 square foot retail property is located at 1010 Hilltop Dr, Redding, CA, in Shasta County. Situated on 2.51 acres, the property is located directly off Interstate 5 in a prominent power center. Anchor tenants in the power center include TJ Maxx, Michaels, BevMo, Bed Bath & Beyond, Aaron's, World Market and PetSmart, with Bank of America and Verizon located on pads. Across the street is the Shasta Mall, anchored by Sprout's, Macy's, JCPenney's and Ultra Beauty, with Chick-fil-A, Outback Steakhouse, Panda Express, Chase Bank and Rabobank on pads. Also located across the street are the Town & Country Center and Hilltop Center, anchored by Koh's, Dick's Sporting Goods and Trader Joe's.
Key Highlights
- Located directly off Interstate 5, providing high visibility and accessibility.
- Situated in a prominent power center anchored by major retailers like TJ Maxx, Michaels, BevMo, Bed Bath & Beyond, Aaron's, World Market and PetSmart.
- Located across the street from Shasta Mall anchored by Sprout's, Macy's, JCPenney's and Ultra Beauty.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $612.3k | $19.92 |
| − Vacancy | −$36.1k | −$1.18 |
| EGI | $576.2k | $18.74 |
| − OpEx | −$172.9k | −$5.62 |
| NOI | $403.3k | $13.12 |
30,740 SF · lease $19.92/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.76M
$5.04M – $6.72M
NOI $403,349 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.84M
$5.99M – $7.98M
NOI $479,064 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Geek Squad
Tech Support Center
Best Buy
Electronics & Wireless Store
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FAQs
What type of property is this?
Retail space - 30,740 SF retail property in a prominent power center.
Where is this retail space located?
The property is located at 1010 Hilltop Dr Redding, CA.
What is the asking price?
The asking price for this property is $7,780,000.
What are key features of this property?
This property features: Located directly off Interstate 5, providing high visibility and accessibility.; Situated in a prominent power center anchored by major retailers like TJ Maxx, Michaels, BevMo, Bed Bath & Beyond, Aaron's, World Market and PetSmart.; Located across the street from Shasta Mall anchored by Sprout's, Macy's, JCPenney's and Ultra Beauty.
