802 E Cypress Ave | Redding, CA 96002
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802 E Cypress Ave
Redding, CA 96002
Burger King · Retail Property For Sale
Investment Highlights
- Brand New Remodel
- Central Location within Redding, Along I-5
- Absolute NNN Lease
- Large Franchisee
Executive Summary
This absolute NNN Burger King is currently under construction to align with BK’s latest prototype design. Centrally located in Redding, CA—a city of approximately 93,000 residents—the property sits in the heart of Shasta County, serving as the economic and cultural hub of the Shasta Cascade region in Northern California. The property is leased by Norcal Co-Brands, Inc., a well-established Burger King franchisee.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,148 SF
Building Class
C
Year Built
2005
Price
$2,748,726 CAD
Price Per SF
$663 CAD
Cap Rate
5%
NOI
$137,436 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.04 AC
Parking
54 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
135 ft on E Cypress Ave
PROPERTY TAXES
| Parcel Number | 107-210-051-000 | Improvements Assessment | $1,904,175 CAD |
| Land Assessment | $1,114,281 CAD | Total Assessment | $3,018,455 CAD |
PROPERTY TAXES
Parcel Number
107-210-051-000
Land Assessment
$1,114,281 CAD
Improvements Assessment
$1,904,175 CAD
Total Assessment
$3,018,455 CAD
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