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910 Dana Dr
Redding, CA 96003

$2,577,255 USD

Restaurant For Sale  •  5,490 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 6,163 SF
  • Lot Size 1.14 AC
  • Building Class C
  • Year Built 1998
  • Cap Rate 5.50 %
  • Tenancy Single
  • Zoning RC
30 Transit Score
60 Walk Score

Highlights

Absolute Net Ground Lease Featuring a 10% Rental Increase in 2028 and at the Option. 27+ Year Historical Occupancy with Multiple Lease Extensions.
Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility.
The Lease is signed by Cerca Trova Steakhouse Operating Over 100+ Locations Across Arizona, California, Colorado, Nevada and New Mexico.
W/in Mt. Shasta Mall - a Popular Shopping Destination feat. more than 80 Stores. It is One of only Four Malls serving California North of Sacramento.
Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics.
Densely Populated and Affluent Area: Features an Average Household Income of more than $84k and over 98k People Residing within a 5-Mile Radius.
Cap Rate: 5.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Outback Steakhouse 6,163 SF 9/30/2033

Public Transportation

Commuter RailDriveWalkDistance
Redding Amtrak (Coast Starlight - Amtrak) 3 min - 2.3 mi
AirportDriveWalkDistance
Redding Regional 10 min - 7.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap