Property profile

6646 Clark Rd Paradise, CA 95969

FOR LEASE
Gas stations
Property ID
US09-2500677
36,550 SF 1.08 ac lot Built 1978
Individually Owned 3-yr Hold Absentee Owner Free & Clear
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6646 Clark Rd, Paradise, CA 95969 For Lease
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6646 Clark Rd, Paradise, CA 95969
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Property summary

AI-generated overview

This exceptional 34,043 square foot retail property, located at 6646 Clark Rd in Paradise, CA 95969, presents a unique investment opportunity. The center is the only grocery-anchored shopping center in Paradise to have survived a recent fire without damage, showcasing its robust construction and resilience. The property boasts a strong tenant mix, anchored by a Save Mart grocery store that recently underwent a significant $1.7 million interior and exterior remodel. This upgrade enhances the center's appeal and strengthens its position within the community. Additional tenants include popular and established businesses such as Mountain Mike's Pizza, T-Mobile, Subway, and Dollar Tree, providing a diverse and stable revenue stream. Situated in Butte County, this single-tenant retail center benefits from its location in Paradise, California, a rapidly growing city experiencing significant population expansion. The property's strategic location and established tenant base make it an attractive investment for those seeking a stable and high-performing retail asset in a thriving market. The center's survival of the fire and subsequent tenant improvements underscore its resilience and long-term potential. This is a rare opportunity to acquire a well-established, high-performing retail center in a dynamic and growing California community. The property offers significant upside potential given the ongoing growth of Paradise and the recent improvements made to the anchor tenant.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION WITH FOOD MART
Year built 1978
Construction TILT-UP CONCRETE
Total area 36,550 SF
Lot 1.08 ac (47,044 SF)
Zoning code C2
APN 050-400-001-000
UPID US09-2500677

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Business Service Center Corporate Office
  • Discount Store
  • Plumbing Service General Contractor
  • Barber Shop
  • Hair Salon Nail Salon

Location

6646 Clark Rd Paradise, CA 95969
Paradise metro Census 1900 CHICO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.43M
Blend (final) Blend
$650k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2023
Price N/A
2023
Price N/A
2023
Price N/A
2018
Price N/A
2018
$7.9M
2005
Price N/A

Zoning & alternative use

C2 · Paradise, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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