2715-2725 Teller Rd - Storefront FOR SALE


Newbury Park, CA 91320
$8,525,000 USD
805-879-9641
2715-2725 Teller Rd, Newbury Park, CA for Sale
$8,525,000 USD
Storefront - FOR SALE
1/7
null | 6.13% Cap Rate

2715-2725 Teller Rd
Newbury Park, CA 91320


HIGHLIGHTS

  • Stabilized, 2-tenant box leased to TJ Maxx and Five Below
  • Primary regional power center in Thousand Oaks, CA anchored by top performing national retailers including Target & Home Depot
  • The Village at Newbury Park spans over 423,000 square feet
  • Regional draw for thousands of households across the affluent Conejo Valley.
  • CONTACT LISTING AGENTS FOR DETAILS

OVERVIEW

Rare opportunity to acquire a stabilized, two-tenant box located at The Village at Newbury Park, a 423,105 SF freeway-adjacent power center and the premier shopping destination in the northern Conejo Valley. Anchored by top-performing national retailers including Target, Home Depot, this center benefits from exceptional visibility and foot traffic. The asset features long-term NNN leases with two strong national credit tenants: T.J. Maxx (S&P: A), a globally recognized off-price retail leader, and Five Below (S&P: B+), one of the fastest-growing discount retailers in the country. Both retailers deliver a highly engaging “treasure hunt” in-store experience that continues to outperform in a digital-first retail environment. The recent 10-year lease commitment by Five Below underscores their confidence in the location’s performance and market fundamentals. With built-in rental escalations and a solid tenant mix, the property offers investors a durable income stream, a hedge against inflation, and long-term value in a highly sought-after trade area. Located within affluent, densely populated infill Ventura County, the immediate trade area boasts approximately 50,515 residents within a three-mile radius, with an impressive average household income of $179,088. This strong demographic profile supports premium retail demand and sustained consumer spending power. The property is situated in the highly desirable Thousand Oaks market, consistently ranked as one of America’s top places to live. Known for its exceptional safety record—frequently designated as one of the safest cities in the nation—Thousand Oaks offers an enviable quality of life supported by some of the country’s highest-rated public schools, expansive and well-maintained parks, and diverse retail options. The area also hosts one of the largest auto malls in the nation, drawing steady regional traffic and reinforcing the location’s status as a retail and lifestyle hub. This combination of unmatched location, affluent demographics, and a thriving community establishes this asset as a highly attractive investment opportunity with long-term growth potential.

FOR SALE DETAILS

PRICE

$8,525,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

6.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Village at Newbury

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.68 AC

LAND SF

116,740 SF

ZONING

c-3

APN/PARCEL ID

667-0-290-225

ASK ABOUT THIS PROPERTY

Rob DevericksRadius Commercial Real EstateMore Info
805-879-9641

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Rob DevericksRadius Commercial Real EstateMore Info
805-879-9641

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