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1010 Hilltop Dr, Redding, CA 96003
30,740 SF retail property in a prominent power center.
Property Size30,740 SF
Lot Size2.51 Acres
Price / SF$253.09
Days on Market1456
Property Features for 1010 Hilltop Dr
General Information
Standard status
Active
Size
30,740 SF
Lot size
2.51 Acres
Property subtype
Retail
Zoning
RC
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$466,620
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
Essential Capital Advisors
Listed By:
Michael Cisternino · License #CA 01708023
Source:
Crexi
Added: Oct 24, 2022
Changed: Oct 16
Last Checked: Oct 16 at 7:44AM
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 Essential Capital Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 30,740 square foot retail property is located at 1010 Hilltop Dr, Redding, CA, in Shasta County. Situated on 2.51 acres, the property is located directly off Interstate 5 in a prominent power center. Anchor tenants in the power center include TJ Maxx, Michaels, BevMo, Bed Bath & Beyond, Aaron's, World Market and PetSmart, with Bank of America and Verizon located on pads. Across the street is the Shasta Mall, anchored by Sprout's, Macy's, JCPenney's and Ultra Beauty, with Chick-fil-A, Outback Steakhouse, Panda Express, Chase Bank and Rabobank on pads. Also located across the street are the Town & Country Center and Hilltop Center, anchored by Koh's, Dick's Sporting Goods and Trader Joe's.
Key Highlights
- Located directly off Interstate 5, providing high visibility and accessibility.
- Situated in a prominent power center anchored by major retailers like TJ Maxx, Michaels, BevMo, Bed Bath & Beyond, Aaron's, World Market and PetSmart.
- Located across the street from Shasta Mall anchored by Sprout's, Macy's, JCPenney's and Ultra Beauty.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$403,349
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,066,980
$8.1M
Cap Rate 7%
$5,762,129
$5.8M
Cap Rate 9%
$4,481,656
$4.5M
Market Conditions
NOI Build-Up for 30,740 SF
Gross rent
$612.3K $19.92/SF
− Vacancy
−$36.1K −$1.18/SF
EGI
$576.2K $18.74/SF
− OpEx
−$172.9K −$5.62/SF
NOI
$403.3K $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%
$8,066,980
Cap Rate 7%
$5,762,129
Cap Rate 9%
$4,481,656
Alternative Uses
Best Use
Retail
$5.76M
$5.04M – $6.72M
NOI $403,349 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.84M
$5.99M – $7.98M
NOI $479,064 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
551k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 30%
Shops & Services 24%
Groceries 15%
Home Improvements & Furnishings 12%
T.J. Maxx
Apparel
49,541 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
46,613 visits/mo
0.4 miles
Kohl's
Apparel
46,571 visits/mo
0.3 miles
DICK'S Sporting Goods
Apparel
41,455 visits/mo
0.2 miles
Trader Joe's
Groceries
38,607 visits/mo
0.1 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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - 30,740 SF retail property in a prominent power center.
Where is this retail space located?
The property is located at 1010 Hilltop Dr Redding, CA.
What is the asking price?
The asking price for this property is $7,780,000.
What are key features of this property?
This property features: Located directly off Interstate 5, providing high visibility and accessibility.; Situated in a prominent power center anchored by major retailers like TJ Maxx, Michaels, BevMo, Bed Bath & Beyond, Aaron's, World Market and PetSmart.; Located across the street from Shasta Mall anchored by Sprout's, Macy's, JCPenney's and Ultra Beauty.
