550 N Ventu Park Rd - Drug Store FOR SALE
Newbury Park, CA 91320 |
550 N Ventu Park Rd
Newbury Park, CA 91320
HIGHLIGHTS
- Long-term Absolute NNN lease with 6% rent increases every 10 years, next rental increase in July 2029
- Limited surrounding competition – only Walgreens within a 13-mile radius
- Located at the Main Signalized entrance to Thousand Oaks Marketplace shopping center, anchored by Walmart Neighborhood Market
- Prime Freeway Offramp location with visibility from Ventura Freeway (Highway 101), with 180,000 VPD,
- High income area – average household income is $166,875 within a 5-mile radius and is projected to increase to $188,271 by 2028
- Dense surrounding population – 124,785 residents within a 5-mile radius
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
13386
STORIES
1
YEAR BUILT
2009
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
526-0-170-070
