Property Listing No Longer Available for Sale

2951 Churn Creek Road, Redding, CA

Shopping Center for Sale - $3,100,000 - 25,862 Sq. Ft. on 3.68 acres


Property Info

CIMLS#696454
Location
  2951 Churn Creek Road
  Redding CA 96002
UpdatedFebruary 10th, 2014
TypeShopping Center
Price$3,100,000
Building25,862 Sq. Ft.
Land3.68 acres

Property Description

Solid, stable retail center with numerous, long term tenants. Average occupancy is over 13 years. Recent capital upgrades will allow for easy maintenance over the term of ownership. High profile pylon/monument signage with a slot for each tenant. Substantial visibility on a signalized intersection. Multiple access points allows for easy vehicle circulation. Abundant, above code parking will meet the needs of virtually any tenant. There is also an unused drive thru that can be used for future tenant needs (all traffic fees have been pre-paid). Shadow anchors include Aaron's Furniture and Dollar Tree.

The shopping center is located on the 3rd busiest intersection in the city. Heavy traffic at all hours. Largest high school in the region is just 2 blocks away. The local neighborhood is one of the most densely populated parts of town, providing a consistent flow of customers. Churn Creek Rd. is widely recognized as one the 3 highest traffic corridors in the County.


Financials