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 Size5,540 SF
Days on Market100
Property Features for 2400 S Bonnyview Rd.
General Information
Standard status
Active
Size
5,540 SF
Property subtype
Retail
Building Details
Building Size
5,540 SF
Year Built
2008
Listing Agency:
Cox Real Estate Consultants Inc.
Listed By:
Jess Whitlow, CCIM · License #CalDRE #01941996
(530) 605-5169
Source:
Coxrec
Added: Jul 19
Changed: Oct 25
Last Checked: Oct 24 at 3:39PM
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.
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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 / Yr
$72,692
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,453,840
$1.5M
Cap Rate 7%
$1,038,457
$1.0M
Cap Rate 9%
$807,689
$807.7K
Market Conditions
NOI Build-Up for 5,540 SF
Gross rent
$110.4K $19.92/SF
− Vacancy
−$6.5K −$1.18/SF
EGI
$103.8K $18.74/SF
− OpEx
−$31.2K −$5.62/SF
NOI
$72.7K $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%
$1,453,840
Cap Rate 7%
$1,038,457
Cap Rate 9%
$807,689
Alternative Uses
Best Use
Retail
$1.04M
$908.7K – $1.21M
NOI $72,692 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,338 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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
