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Best Buy 1010 Hilltop Dr

30,740 SF Retail Building Redding, CA 96003 £6,094,074 (£198/SF) 6% Net Initial Yield

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Investment Highlights

High-Visibility National Credit, Single Tenant Big Box Asset with 2.5+ Years Remaining on NN Lease - Two, 5-Year Options with 7% Increase
Anchored by TJ Maxx, Michaels, BevMo, Bed Bath & Beyond, Aaron's, World Market and PetSmart with Bank of America and Verizon on Pads

Strong Historical Occupancy; 20 Years at Current Location within Prominent Power Center Located Directly off Interstate 5
Tenant Has Invested Significant Capital in Tenant Upgrades/Improvements with Long Term Commitment to Location that also Serves as Distribution Hub

Executive Summary

Price Reduction - Essential CRE is pleased to present the opportunity to acquire the fee simple interest in Best Buy located at 1010 Hilltop Dr, Redding, CA (Shasta County). The subject property is 30,740 square feet and resides on 2.51 acres of land located directly off Interstate 5 in a prominent power center anchored by TJ Maxx, Michaels, BevMo, Bed Bath & Beyond, Aaron's, World Market and PetSmart with Bank of America and Verizon on pads. Located 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 from the subject property are the Town & Country Center and Hilltop Center anchored by Koh's, Dick's Sporting Goods and Trader Joe's.