Redding Retail Investment
1401 Hilltop Drive Redding, CA 96003
For Sale
$29,680,000
Prime retail location in Redding, California, with strong connectivity.
Property Size76,944 SF
Price / SF$385.74
Days on Market106
Property Features for 1401 Hilltop Drive
General Information
- Standard status
- Active
- Size
- 76,944 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2020
Listing Agency:
Marcus & Millichap - San Diego
(858) 373-3184
Listed By:
Alvin N. Mansour · License #License(s): CA: 01391653, TX: 0606255
(858) 373-3184
Source:
Marcusmillichap
Added: Apr 10
Changed: Jul 10
Last Checked: Jul 24 at 4:34AM
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.
Located in Redding, California, the urban center of the Shasta Cascade region, this retail property benefits from its strategic position along the I-5 corridor, offering convenient access to both Central California and the Pacific Northwest. As the largest city north of Sacramento, Redding is well-suited for commerce and logistics, with direct access to Interstate 5, Highway 44, and State Route 299. The city is also served by Redding Municipal Airport (RDD), enhancing its connectivity. The City of Redding prioritizes economic development and business support, collaborating with the Economic Development Corporation of Shasta County to attract and grow primary industries. Major public investments, such as the development of the Stillwater Business Park, highlight the City Council’s forward-thinking approach. Redding is recognized for its exceptional livability and was recently ranked as the 29th Most Dynamic Metropolitan Area in the United States. The city's climate, characterized by hot, dry summers and mild winters, is ideal for outdoor activities year-round. The property encompasses 76944 square feet on a 6.38 acre lot.
Key Highlights
- Strategic location on the I‑5 corridor, providing easy access to Central California and the Pacific Northwest.
- Recognized for exceptional livability, ranking as the 29th Most Dynamic Metropolitan Area in the U.S.
- Pro‑business environment with a focus on economic development and business support.
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 | $1.53M | $19.92 |
| − Vacancy | −$90.4k | −$1.18 |
| EGI | $1.44M | $18.74 |
| − OpEx | −$432.7k | −$5.62 |
| NOI | $1.01M | $13.12 |
76,944 SF · lease $19.92/SF/yr · vacancy 5.90% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Primo Water Refill
Big Box & Wholesale Store
Vitality Bowls Redding
Restaurant
Sprouts Farmers Market
Grocery & Convenience Store
Theory Coffee Roasters
Cafe & Coffee Shop
Cycle Gear
Motorcycle Shop
Similar Off Market Nearby
- Shasta Center — 1900 Churn Crk Rd, Redding, CA 96002
- Sunglass Hut — 900 Dana Dr Space A - 7, Redding, CA 96003
- Hilltop Center — 1611 Hilltop Dr, Redding, CA 96002
- Coinstar Kiosk | Bitcoin ATM — Save Mart, 1330 Churn Crk Rd, Redding, CA 96003
- California DMV Now Kiosk — 1330 Churn Crk Rd, Redding, CA 96003
FAQs
What type of property is this?
Shopping center - Prime retail location in Redding, California, with strong connectivity.
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: Strategic location on the I‑5 corridor, providing easy access to Central California and the Pacific Northwest.; Recognized for exceptional livability, ranking as the 29th Most Dynamic Metropolitan Area in the U.S.; Pro‑business environment with a focus on economic development and business support.
