6007 Clark Road , Paradise, CA, 95969

6007 Clark Road Paradise, CA 95969

FOR SALE
Property Type:
Free Standing Building
Amount:
$7,823,000
Last Verified:
Oct 18, 2020

Highlights

  • Hard Corner Signalized Intersection
  • Approximately Ten Years Left on the Initial Term with Six - Five Year Options and 5% Increases with Each Option
  • NNN Lease with Minimal Landlord Responsibility (Roof and Structure)

Description

ALIVE Commercial Real Estate is pleased to offer a 17,340 square foot Rite Aid Drug Store in Paradise, CA. Rite Aid has been operating in this location since October of 2010 and has approximately 10 years remaining on the initial 20 year term of their lease. The lease is NNN in nature with minimal Landlord Responsibilities (Roof and Structure). The property is located on the signalized hard corner of Clark Road and Elliot Road, one of the best locations in Paradise.

Before the fire, store sales at this location were incredibly strong (over $10MM). Since the fire, sales have been trending in the right direction with strong prospects to get back to that level over time. New housing development and enhanced infrastructure improvements throughout the Town should increase viability long term. The Town of Paradise is heavily focused on rebuilding housing ahead of any other development. Prospective Buyers are encouraged to explore the Town of Paradise Website at:

https://www.townofparadise.com/

The Subject Property is located at the northeast corner of Clark and Elliott Roads, in Paradise, CA. This corner is one of the best locations in Paradise, benefitting from cross town traffic on Elliott Road, through traffic on Clark Road and is a few hundred yards from Paradise High School. The Town of Paradise was significantly impacted by the Camp Fire in 2018 however this asset and location are positioned well as the Town of Paradise recovers over the long term.


Year Built: 2010
Building Size: 17340.0sq ft
Lot Size: 1.41 acres

Map of 6007 Clark Road , Paradise, CA, 95969

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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