|
|
12/18/25
|
Holiday Market, a 31.2k sf, newly constructed grocery store property in Redding, traded for $12.83 mil ($411/sf) in a sale/leaseback deal. The property, sitting on 3.83 acres at 3055 Shasta View Dr, was completed in 2025 as part of Holiday Marketplace, a new construction retail center that also features Starbucks, Quick Quack Car Wash, and more future uses within a growing east Redding retail hub.
The property was sold by North State Grocery, a grocery retailer that owns the Holiday Market chain and developed the Holiday Marketplace center. North State, headquartered in Cottonwood, CA, operates two grocery store brands throughout Northern California and Oregon – Holiday Market and Sav Mor Foods.
The Holiday Market, which relocated from across the street to this larger, modernized facility, has executed an absolute NNN lease with 20 years remaining, including scheduled rent increases and multiple options to renew. With zero landlord responsibilities, the asset offers the new ownership a fully passive, management-free investment.
The site offers excellent visibility and access along both Hartnell Ave and Shasta View Dr, featuring a large corner pylon sign, two monument signs, and four points of ingress/egress. Ample surface parking and strong tenant synergy further enhance the long-term value and stability of the investment.
Alexander Moore with SRS Capital Markets represented the seller in the deal. The buyer was a Real Estate Investment Trust.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
