4670 Churn Creek Rd
Redding, CA 96002
ARCO Ground Lease | Rent Increases | 47k AADT · Retail Property For Sale
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PROPERTY FACTS
ABOUT 4670 CHURN CREEK RD , REDDING, CA 96002
The ARCO ground lease is conveniently located just off of the signalized intersection of Churn Creek Road and South Bonnyview Road, which has a combined traffic count of 47,120 vehicles per day. The property enjoys immediate access to Interstate 5, the main freeway through the region, with a traffic count of 60,000 vehicles per day. The property is outparcel to Churn Creek Marketplace, a 19-acre shopping center development anchored by a Save Mart grocery store and including additional restaurant and retail space. Churn Creek Marketplace is directly across from River Crossing Marketplace, another retail development located on the other side of Interstate 5. The 25-acre development will be anchored by Costco, which is relocating from its other site in north Redding and expanding its square footage by 40%. Combined, Churn Creek Marketplace and River Crossing Marketplace will encompass 375,000 square feet of retail space. The shopping centers will change the landscape of south Redding and dramatically increase traffic on the Interstate 5/South Bonnyview Road interchange. Additionally, the Redding Rancheria plans to build a new casino immediately south of River Crossing Marketplace to replace the extremely profitable, but less strategically located, Win-River Casino. Located on a 232-acre site, the project would include a 140,000 square foot casino, a 250-room hotel, an event and convention center, and an additional 25,000 square feet of retail space, further solidifying the neighborhood as the new center of the Redding trade area.
LINKS
PROPERTY TAXES
Parcel Number | 068-750-006-000 | Improvements Assessment | $1,485,691 |
Land Assessment | $232,003 | Total Assessment | $1,717,694 |
Listing ID: 14052858
Date on Market: 10/12/2018
Last Updated:
Address: 4670 Churn Creek Rd, Redding, CA 96002
The Retail Property at 4670 Churn Creek Rd, Redding, CA 96002 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.