Sprouts-Anchored Shopping Center For
For Sale
Contact for pricing
1401 Hilltop Drive, Redding, CA 96003
Shopping center anchored by Sprouts, available for purchase.
Property Size76,944 SF
Price / SF$385.74
Days on Market195
Property Features for 1401 Hilltop Drive
General Information
Standard status
Active
Size
76,944 SF
Property subtype
Retail
Listing Agency:
Marcus & Millichap - San Diego
Listed By:
Alvin Mansour · License #TX 0606255
(858) 373-3184
Source:
Crexi
Added: Mar 27
Changed: Oct 1
Last Checked: Oct 5 at 7:30PM
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 / Yr
$1,009,606
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
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
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 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 3.40%
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 4.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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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 Drive Redding, CA.
What is the asking price?
The asking price for this property is $29,680,000.
What are key features of this property?
This property features: Sprouts‑Anchored Shopping Center; Year Built: 2020; Access to Full Marketing Package via Website
