SRS Real Estate Partners is pleased to announce the $12.83 million sale-leaseback of a newly built Holiday Market located at 3055 Shasta View Drive in Redding, Calif. The 31,222-square-foot grocery property sits on 3.83 acres and was completed in 2025 as part of Holiday Marketplace, a new construction retail center that also features Starbucks, Quick Quack Car Wash, and more future uses within a growing east Redding retail hub.
SRS Capital Markets Senior Vice President Alexander Moore represented the seller, North State Grocery, Inc. The buyer was a Real Estate Investment Trust.
Situated within the Holiday Marketplace development, the property benefits from strong co-tenancy and daily traffic drivers, including Starbucks, Quick Quack Car Wash, a future Beyond Food Mart gas station and convenience store, and additional planned commercial and retail pads. The center continues to establish itself as a key neighborhood shopping destination and is being developed by North State Grocery, Inc. North State Grocery, Inc. is a well-established retail grocery chain headquartered in Cottonwood, Calif. and operates two grocery store brands throughout Northern California and Oregon – Holiday Market and Sav Mor Foods.
Holiday Market, which relocated from across the street to this larger, modernized facility, has executed an absolute triple-net (NNN) lease with 20 years remaining, including scheduled rent increases and multiple options to renew. With zero landlord responsibilities, the asset offers the new ownership a fully passive, management-free investment.
“This sale-leaseback represents the robust investor demand for the Holiday Market and North State Grocery, Inc. brands in the net lease space. We received strong interest from private, middle market, and institutional level investors,” said Moore. “North State Grocery, Inc. has 20 locations in Northern California and Oregon with a loyal customer base and a proven track record. This newly constructed location is well-designed to support future growth.”
The site offers excellent visibility and access along both Hartnell Avenue and Shasta View Drive, featuring a large corner pylon sign, two monument signs, and four points of ingress/egress. Ample surface parking and strong tenant synergy further enhance the long-term value and stability of the investment.
This year, SRS Capital Markets has completed more than $2.2 billion in deal volume comprised of more than 650 transactions across the nation. SRS currently has in excess of 845 properties actively on the market with a market value surpassing $3.7 billion.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with 29 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.
About North State Grocery, Inc.
North State Grocery, Inc. is a 100% employee-owned grocery retailer currently operating 20 stores under the Holiday Market and SAV MOR banners. The company leverages 100% employee-ownership to provide its customers with a superior grocery shopping experience while at the same time keeping the stores’ equity in the communities they serve.