COSTCO SHADOW ANCHORED STRIP | NNN LEASES 4861 Bechelli Ln 9,446 SF 100% Leased Retail Building Redding, CA 96002 $9,059,131 CAD ($959.04 CAD/SF) 5.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Synergistic Mix of National and Regional Tenants on NNN Leases. Favorable Increases Every 5 Years throughout the Initial Term and Options.
- Within River Crossing Marketplace - a Costco (Ranked Top 20% per Placer.ai: | 3M+ Annual Visitors) Anchored Regional Shopping Center.
- Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - 400k+ Sq.Ft. of New Retail Development planned.
- Brand New 2024 High Quality Construction. Features Perimeter Freeway Sign, Pole Sign and Monument Sign that Tenants will be featured on Prominently.
- Nearly 90% of the Trade Area Population is w/in 20 Minutes of the Property. Numerous Subdivisions are in Development Nearby.
- Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility - Brand New Roundabout at Bonneyview/Bechelli.
EXECUTIVE SUMMARY
Brand New 2024/25 Construction | W/in Costco (Ranked Top 20% per Placer.ai: - 3M+ Annual Visitors) Anchored Retail Center | Less than a Mile from a Proposed Casino | Immediate Access to/from I-5 | Area Experiencing Major Growth | Densely Populated & Affluent Area
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,446 SF
Year Built
2024
Price
$9,059,131 CAD
Price Per SF
$959.04 CAD
Cap Rate
5.85%
NOI
$529,961 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.25
Lot Size
0.86 AC
NEARBY MAJOR RETAILERS
