Retail Strip Center with Vacant
For Sale
$1,675,000
2400 S Bonnyview Rd., Redding, CA 96001
Neighborhood retail strip center with two vacant suites and long-term Starbucks tenancy through 2033.
Property Size5,515 SF
Days on Market54
Property Features for 2400 S Bonnyview Rd.
General Information
Standard status
Active
Size
5,515 SF
Property subtype
Retail
Building Details
Building Size
5,515 SF
Listing Agency:
Cox Real Estate Consultants Inc.
Listed By:
Jess Whitlow, CCIM · License #CalDRE #01941996
(530) 605-5169
Source:
Coxrec
Added: Jul 19
Changed: Sep 8
Last Checked: Sep 9 at 2:55PM
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 Cox Real Estate Consultants Inc.
Investment Insights
Based on property information with market context.
Retail strip center located at 2400 S Bonnyview Rd in Redding, CA, featuring an established tenant lineup and newly available space. Starbucks is in place through 2033 with options, and Baja Burrito is currently operating with two vacant suites ready for new tenants.
The property sits in a fast-growing area, with new development underway and nearby retail hubs including River Crossings Marketplace anchored by Costco and Churn Creek Marketplace anchored by Sav Mart.
The offering is structured to support either an owner-occupant scenario for space up to 2,165 SF or an investor looking to acquire a property with current tenancy plus leasing opportunities in the vacant units.
The property sits in a fast-growing area, with new development underway and nearby retail hubs including River Crossings Marketplace anchored by Costco and Churn Creek Marketplace anchored by Sav Mart.
The offering is structured to support either an owner-occupant scenario for space up to 2,165 SF or an investor looking to acquire a property with current tenancy plus leasing opportunities in the vacant units.
Key Highlights
- Retail strip center in Redding, CA with Starbucks lease in place through 2033 with options
- Baja Burrito is a current tenant with two vacant suites ready for new tenants
- Owner‑occupant flexibility: up to 2,165 SF available for owner use
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
$72,364
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
4.32%
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%
$1,447,280
$1.4M
Cap Rate 7%
$1,033,771
$1.0M
Cap Rate 9%
$804,044
$804.0K
Market Conditions
NOI Build-Up for 5,515 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
$109.9K $19.92/SF
− Vacancy
−$6.5K −$1.18/SF
EGI
$103.4K $18.74/SF
− OpEx
−$31.0K −$5.62/SF
NOI
$72.4K $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%
$1,447,280
Cap Rate 7%
$1,033,771
Cap Rate 9%
$804,044
Alternative Uses
Best Use
Retail
$1.03M
$904.6K – $1.21M
NOI $72,364 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,948 @ 7.0% cap · market cap 5.13%
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
184
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 46%
Starbucks
Dining
10,726 visits/mo
0.1 miles
Dollar General
Shops & Services
9,288 visits/mo
0.1 miles
Demographics for 96001, CA
33,914
Population
14,370
Households
2.4
Avg Household Size
42
Median Age
28%
College-Educated
93%
High-School Grad
72.4 sq mi
ZIP Area
468
Density / Sq Mi
$70,594
Median Household Income
$42,316
Median Earnings
$1,238
Median Rent
$385,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Strip mall - Neighborhood retail strip center with two vacant suites and long-term Starbucks tenancy through 2033.
Where is this strip mall located?
The property is located at 2400 S Bonnyview Rd. Redding, CA.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Retail strip center in Redding, CA with Starbucks lease in place through 2033 with options; Baja Burrito is a current tenant with two vacant suites ready for new tenants; Owner‑occupant flexibility: up to 2,165 SF available for owner use
