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Property profile & analytics
FOR LEASE
Retail space

1340 Hilltop Dr Redding, CA 96003

2.64 ac lot
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US09-1910072
Property summary
AI-generated overview

This exceptional retail opportunity in Redding, CA, presents a prime location at 1340 Hilltop Dr, boasting 26,998 square feet of space. Situated in Shasta County, this multi-tenant property offers flexible spaces ranging from a minimum of 8,908 square feet to a maximum contiguous area of 26,988 square feet, accommodating a variety of retail needs. The property benefits from a high-traffic location, directly across from Shasta Mall and featuring I-5 exposure, ensuring excellent visibility and accessibility. Anchored by established national retailers like PetSmart and BevMo!, this center guarantees consistent consumer traffic. The building comprises two suites, providing options for single or multi-tenant occupancy. Redding, the largest city north of Sacramento, serves as a regional hub for Northern California, drawing customers from surrounding counties. This location offers access to a substantial population base and a thriving retail environment, making it an ideal investment for businesses seeking to establish or expand their presence in a dynamic market. The property's strategic placement near major transportation arteries and surrounded by approximately 1.5 million square feet of national anchor tenants, further enhances its appeal and potential for success. This is a rare opportunity to secure a highly visible and well-positioned retail space in one of Northern California's key commercial areas. The property is located near two major hospitals, providing additional foot traffic and a strong local economy.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 2.64 ac (114,998 SF)
APN 107-160-018-000
UPID US09-1910072
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Spirit Halloween (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.28M
Owner & transaction history
Argo Bl Redding LLC · 4 yrs held
Argo Bl Redding LLC
since 2022
Last sale
$2.5M
2 recorded transactions
2022
$2.5M
1994
$785,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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