1490 Wagstaff RdParadise, CA 95969

Property Details for 1490 Wagstaff Rd

Property size (Sq ft)

31,212 SF

Property type

Other commercial real estate

Property subtype

Lifestyle centers

Description

This exceptional 31,212 square foot shopping center in Paradise, California, presents a compelling investment opportunity. Located at the prominent 1490 Wagstaff Rd intersection, this multi-tenant property boasts a strong anchor tenant, Save Mart Grocery Store, recently completing a $1.7 million interior and exterior remodel. Additional tenants include Dollar Tree, Tractor Supply Co, Big Lots, Mountain Mike's Pizza, T-Mobile, and Subway, ensuring a diverse and established tenant mix. The property features a drive-thru pad, ideal for fast food, coffee shops, convenience stores, or gas stations. Ample parking is available, and monument signage opportunities exist. This NNN-leased center is the only grocery-anchored shopping center in Paradise that survived a past fire without damage, making it a resilient and highly desirable investment. The asking price is $780,000, translating to $19.50 per square foot. The property's prime location and strong tenant base make it an attractive prospect for investors seeking a stable and profitable retail investment in a thriving community. This is a unique opportunity to acquire a well-established, resilient shopping center in a high-demand location.

Location Insight

City

Paradise

County

Butte

State

California

Latitude

39.7774

Longitude

-121.59

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