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Virtual Drive-By

Best Buy NN

1010 Hilltop Dr · Redding, CA 96003 · Grocery / Big Box

Asking price
$7,780,000
Cap rate
6.00%
NOI
$466,620

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We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeNN
Term remaining0.5 yrs
Expiration01/2027
Rent bumps7% Increase @ Option
OptionsThree, 5-Year
Ground lease—
Credit profileCredit Rated
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF30,740
Price / SF$253
Year built2003
Lot size2.51 ac
TypeShopping Center
Days on market1371

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​High-visibility national credit, single tenant big box asset with 5.5+ years remaining on NN Lease - one, 5-year options remaining with 7% increase
  • ​Strong historical occupancy - 23 years at current location, $33M in store sales - $1,073 PSF, 136,400 visitors per year (Placer AI)
  • ​Tenant has invested significant capital into interior upgrades and improvements with long term commitment to this strategic location that serves both retail and distribution purposes
  • ​Located directly off Interstate 5 in Redding, CA (Shasta County), only Best Buy store in 72 mile radius
  • ​Situated within a prominent power center anchored by TJ Maxx, BevMo, Barnes & Noble, Aaron's, Michaels, World Market, and PetSmart, with Bank of America and Verizon on pads
  • ​Across the street from Town & Country Center and Hilltop Center, anchored by Kohl's, Dick's Sporting Goods, Trader Joe's, Home Depot with Starbucks, Jersey Mike's, AT&T Store and The UPS Store on pads
  • ​Within immediate proximity to Shasta Mall, anchored by Sprouts, Macy's, JCPenney, and Ulta Beauty, with Chick-fil-A, Outback Steakhouse, Panda Express, Chase Bank, and Rabobank on pads
  • ​NYSE: BBY is the largest consumer electronics retailer in the United States, operating over 1,000 stores across North America
  • ​Investment grade tenant (S&P, BBB+, Moody’s, A3) providing landlords with a strong covenant and reliable rental income stream
  • ​The company generates approximately $45+ billion in annual revenue, consistently ranking among the top 100 largest corporations in the U.S.
  • ​A strong omnichannel presence integrates its physical store network with a robust e-commerce platform, making each location a destination for in-store pickup and returns
  • ​Physical stores serve as essential fulfillment hubs, a model that has proven resilient against e-commerce competition by offering sameday pickup, Geek Squad services, and hands-on product experiences

Take the next step on this property

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Asking-market observation aggregated from public listing sources, last observed Sep 4, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.