Red Bluff Shopping Center 235-259 S Main St

Red Bluff Shopping Center is a Tractor Supply Co. anchored neighborhood shopping center that encompasses 101,130 (approximate) square feet of retail space in the Northern California community of Red Bluff. The property is anchored by a strong performing 41,000 (approximate) square foot Tractor Supply Co., which has a demonstrated history of generating consistently strong sales revenues at the property; the subject property’s location ranks in the 88th percentile nationwide in customer visits (per Placer.ai). Additional tenants within Red Bluff Shopping Center include Furniture Depot, Express Employment, and Launderland.

Red Bluff Shopping Center offers a value-creation and repositioning opportunity, as approximately 48% of the occupied GLA have rent structures that are below prevailing market rates for anchored shopping centers within the submarket. This includes a 40,000 SF suite occupied by Furniture Depot on a gross lease with month-to-month tenancy. Furniture Depot’s current annual rent of $5.18 PSF/Year is approximately 50% below prevailing market rates. In addition, the property features approximately 6,445 SF of vacant GLA inclusive within the collateral (6% of the total GLA); including 4,445 SF of vacancy within the shopping center’s multi-tenant pad building.