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1700 Newbury Road, Newbury Park, CA

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1700 Newbury Road

Newbury Park, CA 91320 - Thousand Oaks/SE County Submarket

Property Type:Retail Sub Type:Restaurant Status:Existing Year Built:2007
Building Size:6,004 SF Land Area:1.07 AC (46,609 SF)
For Sale Price:$3,127,000 Price/SF:$520.82
Cap Rate:4.40 %
Parking:Free Surface spaces are available; Ratio of 6.14/1,000 SF
Features:Freeway Visibility, Signage

Sale Notes:
* Corporate lease with Chili' s Grill & Bar, parent company Brinker International (NYSE:EAT) has a market cap of $2.74 billion, annual revenue of $3.05 billion and a S&P rating of BBB-

* Original 10 Year Lease - Chili' s built this location at its own cost and expense in 2006/2007

* 6.5% rent-to-sales ratio and below market rent increases the probability of long-term tenancy at the property due to lower occupancy costs

* Single-tenant, coupon clipper investment with minimal landlord management

* Co-tenancy with the adjacent combined 213-room Courtyard/Towne Place Suites by Marriott (NAP), providing additional draw to the property during all day parts
* Adjacent to The Terrace (33,630 SF - 100% occupied) and excellent visibility along Newbury Road/101 (Ventura) Freeway with more than 145,880 cars per day

* More than 38,000 in a 3-mile radius with an Average Household Income exceeding $120,000

Phil D Voorhees
(949) 725-8521

John Read
(949) 725-8606

James Slusher
(949) 725-8507

Megan Wood
(949) 725-8423

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