marketing package - cobblestone shopping center - shop space · we obtained the information above...

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation in that regard. Buyer & it’s advisors should conduct it’s own investigation of the property and transaction.

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Ken Miller, SIOR 530-768-1650 [email protected] BRE #: 00818540

Armando Elizondo 530-768-1650 [email protected] BRE #: 01784243

NEW OWNER! - MAJOR REMODEL UNDERWAY!

COBBLESTONE SHOPPING CENTER CYPRESS & HARTNELL | REDDING, CA PADS & SHOPS

Major Remodel Underway—See Page 8

Neighborhood shopping center located in the center of Redding

Excellent visibility and access to cross-river traffic on East Cypress Avenue

Shop space availability ±868 to ±4,000 SF (see Page 3 for unit pricing details)

Jr. Anchor space up to 14,000 SF (via combining shop space units)

Remodel Allowance Available (depending on suite) - Ask Broker for details

Call Broker for details on anchor and jr. anchor leasing opportunities (via separate flyer)

PROPERTY HIGHLIGHTS


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DEMOGRAPHICS: 1 mile 3 miles 5 miles

Population: 5,997 63,545 94,415

Avg. HHI $40,200 $55,875 $60,953

Daytime Population: 11,160 42,323 52,826

TRAFFIC Hartnell Ave: 17,980

E Cypress Ave: 31,078

PROPERTY OVERVIEW

Northstate Commercial Partners is pleased to offer the Cobblestone Shopping Center for lease. The center is now under the ownership and management of Ethan Conrad Properties and is being actively remodeled, managed and leased now. In addition, Dignity Health has broken ground on an all-new, 140,000 SF wellness clinic next door and Prestige Health Care is under construction on a new 15,000 SF clinic across the street. Soon, the Cobblestone Shopping Center and the surrounding neighborhood will return to its former glory.

Cobblestone Shopping Center is located in the heart of Redding, California. The center is visible and easily accessible from East Cypress Avenue, one of the few bridges across the Sacramento River in Shasta County.


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AVAILABILITY BREAKDOWN TENANT IMPROVEMENT ALLOWANCE

Address: 28 Hartnell Ave 2,170 SF | Rental Rate: $ .98/SF

Former Radio Shack. Open retail floor with store room, private office and rest-room in back. Carpets, t-bar ceiling.

Address: 72 Hartnell Ave 868 SF | Rental Rate: $1.35/SF

Open retail in front with storage & ADA Rest-room in the back. 9’ T-bar ceiling. Carpeted. Lots of glass store front.

Address: 96 Hartnell Ave 989 SF | Rental Rate: $1.25/SF

Vanilla shell with carpet. Ready for custom build out.

Address: 32 Hartnell Ave 1,766 SF | Rental Rate: $1.10/SF Former Little Caesar’s restaurant. 2-sided glass offers excellent visibly. Power and gas for restaurant or bakery use.

Address: 76 Hartnell Ave 2,138 SF | Rental Rate: $0.95/SF

Vanilla shell finish with 1 ADA restroom. Con-crete floor. Ready for Tenant Improvements.


Well suited for medical or chiropractic. End cap with good exposure to the parking field. Lobby, 4 exam rooms with sinks & cabinets. One private office and one restroom.

Address: 60 Hartnell Ave 2,786 SF | Rental Rate: $.98/SF

Open floor plan with 2 ADA Restrooms, sink and small counter. Carpeted floors, T-bar ceiling, fluorescent lights.


Great lender or real estate office. One private office and storage in the back. Carpeted. Clean, professional and ready for immediate occu-pancy.


3 private offices. Well suited for office uses, chiropractor, massage therapy, etc.


Former tanning salon. 8 private rooms can be used for massage or small office. Lobby and restroom.

Address: 84 Hartnell Ave 1,035 SF | Rental Rate: $1.15

Former hair salon. Lobby, with counter, tile floor, office & storage. 8 stations, 3 sinks and 1 restroom.

Address: 152—166 Hartnell Ave ±4,000 SF | Rental Rate: $0.79/SF

Flexible office build out.


Former orthodontist. 6 exam rooms with sink & counter. Easy retrofit to dental, medical or any use that needs water.

Address: 88 Hartnell Ave 2,324 SF | Rental Rate: $1.08

Lobby and private offices & large open area. 1 ADA restroom. Excellent location at the main entrance to the center.

*Subject to approved credit, and lease term Shop space NNN: $.38 ±SF



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CALL BROKER FOR

DETAILS ON ANCHOR SPACE 136

166 160 152

128 96

88 84 80 76 72 68 64 60

32 28

192

Site Plan

UNIT TENANT COMBINED SF

INLINE

20 America’s Tire

24 Yuet Bistro

28 Available - 2,170 SF 3,936 SF

32 Available - 1,766 SF

40 & 44 Yama Sushi

48 Jackson Hewitt


14,120 SF



72 Available - 868 SF





92 Cookies & Yogurt

96 Available - 989 SF

112 Check N Go

120 Acceptance Insurance

128 Available- 1,125 SF


144 East Earth Trade Winds

152 - 166 Available - 4,000 SF

174 Salon Centric

PAD

10 Humble Joe’s

66 Burrito Bandito

192 Cornerstone Bank


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CONSTRUCTION HAS STARTED! Dignity Health Regional Medical Clinic

Dignity Health has started construction on a regional wellness center adjacent to the Cobblestone Shopping Center. Highlights of the project are summarized below:

140,000 SF

100+ full time jobs in the health care field

Average pay will be in excess of $100,000/year

The project will include:

Kayak/boat launch

Pull-thru parking for cars with boat trailers

Extension of the Sacramento River trail system

Restoration of the rivers’ natural habitat

A complete array of dental, medical and wellness services.

Patient visits in excess of 2,000 per day (500,000/yr.)

Call us for more details.

Rendering of Dignity Health Clinic

(now under construction)

Dignity Health Clinic

Proximity to Cobblestone



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Neighborhood Aerial

Cobblestone

Shopping

Center

Downtown Mall



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New, larger pylon signage on Cypress Av.

Complete repaint with modernized color scheme

General repair and maintenance of all portions of the property

A NEW BEGINNING FOR

COBBLESTONE SHOPPING CENTER

It is with the greatest anticipation and excitement that we are pleased to announce the recent acquisition of the Cobblestone Shopping Center by Ethan Conrad Properties. Located in Sacramento CA, Ethan Conrad has developed a reputation as a turnaround expert for some of the Northstate’s most challenging properties.

Today, Ethan Conrad Properties has over 6,000,000 SF (retail, office, industrial) under ownership throughout the North State supporting over 1,100 satisfied tenants. Cobblestone Shopping Center will soon be added to this list, as will present and future tenants of this center. Some of the remodel and restoration efforts that Ethan will undertake include:

Seal coat and restripe the parking lot

LED lighting of the exterior and common areas

Restoration of landscaping

Ethan’s dedicated work force has already been to the property to assess its condition and itemize the deferred maintenance. They have also created a scaled drawing of every vacant space, allowing tenants and their engineers and contractors to map out renovations and improvement plans with speed and accuracy, get open faster and start making money sooner.

Ethan recognizes that the path to retail success is SALES. If he can improve his shopping center to elevate the sales of his tenants, everyone is happy. If you’re ready to roll up your sleeves and get to work on a new and vibrant retail experience, Ethan is ready too!

For more information on Ethan Conrad and his company, please visit

www.ethanconradprop.com

For a complete scope of renovation and remodel work

at Cobblestone Shopping Center,

read the following page


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Exterior Items:

Trees: Remove two Birch trees and two Fan Palms. Remove all Pine trees and replace with Maples. Remove every other tree along perimeter. Remove mushroom trees. Clear out trees and bushes along Henderson Street. Re-move every other tree on Parkview. Prune, raise, and shape all trees for greater visibility.

Landscaping: Remove unattractive bushes at Burrito Bandito and dead shrubs at Humble Joe’s and replace with Fortnights. Remove shrubs at parking stalls in front and replace with Fortnights. Remove shrubs along road by Bur-rito Bandito. Add mulch to tree wells as necessary. Investigate and repair irrigation as necessary. Pressure wash and seal four planters in courtyard, and assess attractive upgrade options for planters.

Asphalt and Parking Lot: Repair asphalt as necessary. Seal and stripe parking lot.

Sidewalks and Concrete: Fill sidewalk cracks with an Ardex or concrete patching material, and seal concrete.

Masonry: Clean and seal CMU block with a light sealer. Pressure wash and paint CMU at Kragen. Add stucco to wood sign bands.

Wood and Siding: Repair or replace wood columns and miscellaneous dry rot.

Roof: Pressure wash and seal roof tiles.

HVAC Units: Replaced and/or refurbished, subject to separate report (pending).

Storefronts and Windows: Install new ADA compliant push/pull hardware and weather stripping on all storefronts. Remove window tint and blinds from storefront windows.

Rear Exit Doors: Replace weather stripping, rain drips, and door sweeps as needed. Paint all rear exit doors as part of the exterior paint project.

Paint: Paint wood members with a Timeless or similar product. Caulk and paint underside of soffit with a two color scheme. Paint all site work including transformers, bollards, light poles, and bases.

Signage: Under review by City of Redding

Equipment and Site Furnishings: Remove old bailer at back of property. Clean up and remove old obsolete items.

Lighting: Install caps at old light fixture openings in the soffit area. Repair the light fixture dome at courtyard. Possibly install festoon lights in sections.

_____________________________________ Interior Items:

For all vacant suites: Get power turned on, and install Exit signs. Replace yellowed light lenses. Repair grid and replace ceiling tiles as necessary. Replace fire sprinklers with semi-recessed. Assess the ongoing janitorial and initial cleanup needs of each suite. Make all necessary plumbing & fixture repairs needed for each restroom.

#28 (2,354 SF): Remove lineal slat wall. Texture walls and repaint suite. Steam clean carpet, strip, and wax sheet vinyl in unisex restroom. #32 (1,782 SF): Remove bolts in floor. Clean quarry tile, and sheet vinyl in rear hallway and offices. Strip and wax sheet vinyl in unisex restroom. #44 (2,078 SF): Clean and seal tile floor, and clean wood floor. Strip and wax sheet vinyl in unisex restroom. #60 (3,192 SF): Install new interior door between space at back. Replace rear exit door. Steam clean existing carpet. Strip and wax sheet vinyl in unisex restroom. #64 (1,400 SF): Repaint suite. Strip and wax sheet vinyl flooring. Strip and wax sheet vinyl in unisex restroom. #68 (2,306 SF): Remove blinds. Steam clean existing carpet. Strip and wax sheet vinyl in two unisex restrooms. #72 (877 SF): Repaint suite. Remove track lighting. Steam clean existing carpet. Strip and wax sheet vinyl in unisex restroom. #76 (2,102 SF): Remove upper electrical outlets, patch, and texture walls. Remove vinyl base, and repaint suite. Clean concrete flooring. Strip and wax sheet vinyl in unisex restroom. #80 (1,285 SF): Steam clean existing carpet. Strip and wax sheet vinyl flooring in storage room and unisex restroom. #84 (1,021 SF): Repaint suite. Strip and wax all sheet vinyl flooring. #88 (2,359 SF): Repaint suite. Steam clean existing carpet. Strip and wax VCT in unisex restroom. #96 (990 SF): Repaint suite. Strip and wax sheet vinyl in unisex restroom. #100 (60,000): Call broker. #128 (1,200± SF): Remove wood outside to expose glass at storefront. Remove wallpaper, and repaint suite. Strip and wax all existing flooring. Remove partition wall separation, restore lobby area and reconstruct demising wall. #136 (1,091 SF): Remove blinds. Repaint suite. Steam clean existing carpet, strip, and wax all vinyl flooring. #152-166 (4,000 SF): Steam clean existing carpet. Strip and wax sheet vinyl in two unisex restrooms. #192 (5,674 SF): Strip and wax vinyl floors in showroom. Remove wood. Patch and texture walls as necessary, and repaint suite. Strip and wax sheet vinyl in men’s and women’s restrooms.

marketing package - cobblestone shopping center - shop space · we obtained the information above...

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