This transaction involves a retail asset located at 3055 Shasta View Drive in Redding, California. The property encompasses 3.83 acres and features a newly built 31,222-square-foot grocery establishment, specifically a Holiday Market. The sale price was $12,830,000, resulting in a price per square foot of $411. The asset, constructed in 2025, is secured by a 20-year absolute NNN lease with provisions for rent escalations and no landlord responsibilities.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,830,000
• Square Footage: 31,222
• Address: 3055 Shasta View Drive
• Market: Redding
• Acres: 3.83
• Buyer: Real Estate Investment Trust
• Seller: North State Grocery
• Broker: Alexander Moore - SRS Real Estate Partners

SRS Real Estate Partners facilitated the transaction, focusing on the sale-leaseback arrangement that highlights investor interest in net-lease grocery properties. The deal emphasizes the continued demand for grocery retail assets such as this one, secured by a long-term lease with no landlord obligations.