KB Feather River Crossing, DST — 355 Oro Dam Boulevard E., Oroville, California 95965
Kingsbarn Real Estate Capital is pleased to present the opportunity to
acquire a 100% leased, grocery-anchored, Northern California retail
property structured as a Delaware Statutory Trust (DST). Built in 1990
and redeveloped in 2019, Feather River Crossing is 100% leased to four
high-quality chains: Ross Stores, Inc. (NASDAQ: ROST), Smart & Final,
Harbor Freight, and NSFit. Nearby amenities include various national
brand dining options, Oroville Municipal Airport (2.2 miles away), and
Oroville Hospital (2.3 miles away).
Feather River Crossing is strategically located along Feather River
Boulevard and Oro Dam Boulevard just off State Route 70, a
primary Northern California commuter arterial, with combined
traffic counts of ± 92,000 vehicles per day. The property is in
proximity to Lake Oroville, a recreational area that welcomes
± 1.4 million visitors annually. Oroville is located approximately
68 miles north of Sacramento and 141 miles west of Reno, Nevada.
The property consists of 90,580 square feet on ± 8.90 acres.
Oroville is considered the gateway to Lake Oroville and Feather
River recreational areas. Adjacent to the city-owned Table Mountain
18-hole Golf Course and clubhouse, Oroville Municipal Airport is
located a couple of miles away from downtown Oroville. The airport
accommodates private planes, charter flights, and private jets.
The September 2020 Oroville Business Confidence Survey showed
increased optimism among local business leaders. Confidence
increased 15.2%, with more local business leaders expecting
conditions to get better over the next 12 months. The survey results
showed 64% of leaders expected their sales to increase or remain the
same over the next year, up from 56% in May 2020. As for profit, 60%
expected levels to increase or remain the same, up from 53%. Local
employment is expected to stay steady with 20% expecting to see
an increase over the next year, up from 12% in May. Local business
conditions are expected to get better according to 41% of leaders, up
from 34%.
Tenants
Download DST Investment Summary
Contact us about this investment opportunity at 800.242.1000
