241 Main StRed Bluff, CA 96080

  • Retail properties
  • 101,130 SF
For Sale
$10,125,000 View listing

Property Details for 241 Main St

Year built
1978
Lot size
9.82 AC
Property size (Sq ft)
101,130 SF
Property type
Retail properties
Property subtype
Lifestyle centers

Description

This 101,130 square foot shopping center in Red Bluff, CA, presents a compelling value-add opportunity. Anchored by a high-performing Tractor Supply Co. (occupying approximately 41,000 square feet since 2004 and contributing 56% of the current rental income), the property boasts a strong, mature tenant base with 88% of occupied space in place since 2006 or earlier. The weighted average lease term remaining is approximately 4.5 years, providing a secure income stream with built-in rental increases, including a 10% increase for Tractor Supply in June 2026. The current Net Operating Income (NOI) is $809,899, yielding an 8% cap rate on the $10,125,000 asking price. Significant value-add potential exists due to approximately 48% of the gross leasable area (GLA) having below-market rents, notably a 40,000 square foot Furniture Depot space significantly under market rate. The property includes approximately 6,445 square feet of vacant GLA, including 4,445 square feet in a multi-tenant pad building. Located on a 9.82-acre lot at 241 S Main St, Red Bluff, CA 96080, the center benefits from high daily traffic counts (approximately 19,000 vehicles on Main St and 34,000 on nearby Interstate 5) and a large trade area, with the nearest competing Tractor Supply located 20 miles away. The property's location ranks in the 88th percentile nationwide in customer visits. This offering presents an attractive acquisition cost per square foot significantly below replacement cost. Built between 1978 and 1991.

241 Main St, Red Bluff, California

Location Insight

City
Red Bluff
County
Tehama
State
California
Latitude
40.1685
Longitude
-122.23

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].