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43622 State Highway 299 E
Fall River Mills, CA 96028
Leased Investment - Ray's Food Place · Retail Property For Sale
PROPERTY FACTS
About 43622 State Highway 299 E , Fall River Mills, CA 96028
Macadam Forbes is pleased to present this unique Sale / Leaseback opportunity with the leading independent grocer in the Northwest region of the United States. C&K Market is offering a selection of its company owned stores for sale and intends to continue its long term occupancy in these locations by signing new 20 year absolute net leases at closing with the new owner, with further options to extend beyond the initial term. Proceeds of the sale will go to paying down the nominal corporate debt carried by C&K as it continues to position the company for continued growth and stability. Ray' s Food Place has been operating in this location since 1999 and is committed to ongoing long term operations in Fall River Mills. With limited competition in the area, Ray' s continues to be the primary food choice in the community. Further, C&K is the leading neighborhood grocer to the communities in Southern Oregon and Northern California. The absolute net lease structure offers ongoing management and maintenance of the facility by the tenant. The rental rates of $6.50/SF/Year for the offering and pricing of the property ($79.18/SF) are well below replacement cost. The town of Fall River Mills is located in Fall River Valley in Shasta County, California. Sandwiched between the Cascade Mountains and the Sierra Nevada Mountain Range, Fall River Mills provides stunning views of Mt. Shasta to the north and Mt. Lassen to the south. Recreational areas including McArthur-Burney Falls, Mt. Lassen National Park, and Shasta-Trinity State Park surround Fall River Mills, offering plenty of camping, fishing, boating, and hiking options. The Fall River Valley produces a diverse group of agricultural products, and is home to abundant wildlife, which allows for vast views of the surrounding area. Located 70 miles from Redding, residents and visitors of Fall River Mills have access to city amenities including Shasta College, and cultural entertainment.
PROPERTY TAXES
Parcel Number | 018-530-010-000 | Improvements Assessment | $1,154,896 |
Land Assessment | $284,456 | Total Assessment | $1,439,352 |
PROPERTY TAXES
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Listing ID: 5376503
Date on Market: 1/9/2017
Last Updated:
Address: 43622 State Highway 299 E, Fall River Mills, CA 96028