2300 N Rose Ave - Freestanding FOR SALE


Oxnard, CA 93036- Outer Oxnard
$16,400,000 USD
805-570-7430
2300 N Rose Ave, Oxnard, CA for Sale
$16,400,000 USD
Freestanding - FOR SALE
1/6
null | 6% Cap Rate

2300 N Rose Ave
Oxnard, CA 93036
Outer Oxnard


HIGHLIGHTS

  • Investment Grade Asset
  • Absolute NNN Lease
  • Historical Track Record
  • Attractive Financing
  • New Roof & 20 Yr Warranty

OVERVIEW

Marcus & Millichap is pleased to present this exclusive opportunity to acquire a Best Buy in Oxnard, California, backed by an Absolute NNN lease to an investment-grade tenant (S&P: BBB). The offering features a long-term commitment from one of the nation’s top-performing electronics retailers, ranking within the top 1% of Best Buy stores in both California and the U.S. Ownership has recently invested approximately $289,000 in a new roof with a 20-year warranty, underscoring the property’s turnkey, low-maintenance profile. Offered at $16,400,000 with a 6.00% cap rate, this Absolute NNN Best Buy represents a premier opportunity to acquire a high-credit, passive investment in one of Southern California’s strongest trade areas. Strategically positioned along a dominant retail corridor with combined traffic counts exceeding 183,900 vehicles per day, the property benefits from exceptional visibility and access in a thriving coastal market. The surrounding area is home to major national retailers and serves a dense and affluent consumer base within Ventura County.

FOR SALE DETAILS

PRICE

$16,400,000 USD

PRICE/SF

$350 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Buy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

285

LAND DETAILS

LAND ACRES

5.7 AC

LAND SF

248,292 SF

ZONING

BRP

APN/PARCEL ID

213-0-011-175

ASK ABOUT THIS PROPERTY

Mark ThielMarcus & MillichapMore Info
805-570-7430

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Mark ThielMarcus & MillichapMore Info
805-570-7430

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.