As the exclusive advisor, the Alvino Group of Marcus & Millichap is pleased to present an excellent retail opportunity in the thriving city of Redding, California. 1345 Dana Drive is a 6,869-square-foot freestanding retail building, formerly home to the national tenant Red Lobster. The property is ideally positioned just off the Interstate 5/ Highway 44 interchange and the epicenter of the Mount Shasta Mall major retail corridor, which features over 1.25 million square feet of retail space. 1345 Dana Drive has a primary ingress/ egress point off Dana Drive and sees a combined surplus of 28,800 vehicles passing daily via the intersection of Dana Drive and Friendly Road.

Redding, California, benefits from significant public and private investment in infrastructure, including transportation and public services, enhancing its appeal as a business location. Recent and ongoing development projects aim to revitalize the downtown area and improve public amenities, fostering a vibrant urban environment conducive to business and residential growth. Directly across from 1345 Dana Drive is a Target, Hobby Lobby, Cinemark, and others, demonstrating the desire for major retailers and showcasing the intrinsic value of real estate around 1345 Dana Drive. Shasta Lake, just north of Redding, sees around 2.5 million visitors annually. Shasta National Forest, spanning over 2.2 million acres in northern California, is a haven for outdoor enthusiasts. Redding is dominated by the majestic Mount Shasta, which offers diverse landscapes of forests, lakes, and mountains, ideal for hiking, camping, fishing, and skiing. Wildlife thrives here, with opportunities for wildlife viewing and birdwatching. Rich in history and culture, this national park has over 1.2 million visitors annually.

Commercial properties in Redding offer a compelling value proposition due to the area’s growing population, stable economy, and ongoing developments. Investors can capitalize on lower property prices compared to larger Californian cities while still enjoying the benefits of a growing market. The local economy in Redding is diverse, with key industries including healthcare, retail, and manufacturing. Major employers like Mercy Medical Center and the retail sector around the Mount Shasta Mall support local economic stability and growth. Additionally, Redding’s location makes it a logistical hub for businesses operating between the broader regions of Northern California and Oregon. Moreover, Redding is the largest city in Shasta County and is the county seat.

Property tours are available by appointment only. Please get in touch with the listing broker to schedule.