Sprouts-Anchored Shopping Center For
For Sale
Contact for pricing
1401 Hilltop Dr, Redding, CA 96003
Shopping center anchored by Sprouts, available for purchase.
Property Size76,944 SF
Price / SF$401.59
Days on Market200
Property Features for 1401 Hilltop Dr
General Information
Standard status
Active
Size
76,944 SF
Class
A
Property subtype
Retail
Zoning
RC
Building Details
Year Built
2020
Listing Agency:
Marcus & Millichap - San Diego
(858) 373-3184
Listed By:
Alvin Mansour · License #TX 0606255
Source:
Crexi
Added: Jan 26
Changed: Aug 8
Last Checked: Jul 15 at 10:44PM
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
A shopping center, identified as a retail property, is available for sale. The property is anchored by Sprouts. The property contains 76944 square feet.
Key Highlights
- Sprouts‑Anchored Shopping Center
- Year Built: 2020
- Access to Full Marketing Package via Website
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,009,606
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$20,192,120
$20.2M
Cap Rate 7%
$14,422,943
$14.4M
Cap Rate 9%
$11,217,844
$11.2M
Market Conditions
NOI Build-Up for 76,944 SF
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.
Gross rent
$1.53M $19.92/SF
− Vacancy
−$90.4K −$1.18/SF
EGI
$1.44M $18.74/SF
− OpEx
−$432.7K −$5.62/SF
NOI
$1.01M $13.12/SF
Area
Shasta County, CA
Vacancy
5.90%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$20,192,120
Cap Rate 7%
$14,422,943
Cap Rate 9%
$11,217,844
Alternative Uses
Best Use
Retail
$14.42M
$12.62M – $16.83M
NOI $1,009,606 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$17.13M
$14.99M – $19.99M
NOI $1,199,126 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
1M
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 24%
Dining 21%
Apparel 18%
Superstores 10%
Target
Superstores
105,043 visits/mo
0.4 miles
Cinemark Redding 14 and XD
Leisure
53,083 visits/mo
0.5 miles
T.J. Maxx
Apparel
49,541 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
46,613 visits/mo
0.4 miles
Kohl's
Apparel
46,571 visits/mo
0.4 miles
Demographics for 96003, CA
45,185
Population
19,873
Households
2.3
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
111.2 sq mi
ZIP Area
406
Density / Sq Mi
$71,801
Median Household Income
$39,295
Median Earnings
$1,402
Median Rent
$370,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center anchored by Sprouts, available for purchase.
Where is this shopping center located?
The property is located at 1401 Hilltop Dr Redding, CA.
What is the asking price?
The asking price for this property is $30,900,000.
What are key features of this property?
This property features: Sprouts‑Anchored Shopping Center; Year Built: 2020; Access to Full Marketing Package via Website
