2799 Townsgate Rd - Restaurant FOR SALE


Thousand Oaks, CA 91361- Outer Thousand Oaks
$6,769,231 USD
858-373-3132
2799 Townsgate Rd, Thousand Oaks, CA for Sale
$6,769,231 USD
Restaurant - FOR SALE
1/8
null | 6.5% Cap Rate

2799 Townsgate Rd
Thousand Oaks, CA 91361
Outer Thousand Oaks


HIGHLIGHTS

  • OUT PARCEL PAD – Gelsons, Vons, Sprouts, 263-room Hyatt Westlake, 276,00sf Westlake Plaza
  • TOP RETAIL DESTINATION – Nearly 5 Million Consumer Visits Annually
  • HIGH SALES PERFORMANCE – Restaurant Sales Top 10 Industry Percentile
  • VALUE ADD – Lease-up, Redevelopment, Owner-user, QSR Drive-Thru Potential
  • AFFLUENT TRADE AREA – 75K Daytime POP, EARNING $217K 20-minute Drive Time

OVERVIEW

Marcus & Millichap has been selected to exclusively market for SALE or LEASE the fee simple interest in an approximate 10,000 square foot out-parcel building to the Westlake Plaza & Center located at the signalized intersections of Townsgate Road and South Westlake Boulevard, Westlake Village, CA 91361. The Property benefits from hard-corner visibility of the primary ring road and shares cross-access parking with the 263-room Hyatt Regency Hotel and the 286,000 square foot Westlake Plaza. Area retailers include Gelsons, Vons and Sprouts and wide range of specialty shops and daily needs services. The master planned Westlake Plaza and Center draws more than 4 million business travelers and local consumers annually. The affluent area touts a primary five-mile trade area of over 112,750 residents earning over $217,104 Average Household Income. The building is situated on a pad site that is part of the larger Westlake Plaza Center, which includes a 262 room Hyatt Regency Hotel, a four-story multi-tenant office building, and numerous other retail stores throughout the center. A single-story structural steel frame with stucco siding commercial restaurant building on a reinforced concrete slab foundation with concrete footings under perimeter walls, with a flat asphalt roof covered with Mission Spanish Tile and some hip and mansard accents. An approximate 975 square foot basement provides dry storage space and the restaurant offers maximum seating capacity of 323 seats.

FOR SALE DETAILS

PRICE

$6,769,231 USD

PRICE/SF

$619 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brent's Delicatessen & Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bank, Bar, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

C4

APN/PARCEL ID

693-0-130-235

ASK ABOUT THIS PROPERTY

Bill RoseInstitutional Property Advisors | Marcus&MillichapMore Info
858-373-3132

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Bill RoseInstitutional Property Advisors | Marcus&MillichapMore Info
858-373-3132

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