860-872 N Ventura Rd - Supermarket FOR SALE
Port Hueneme, CA 93041 |
860-872 N Ventura Rd
Port Hueneme, CA 93041
HIGHLIGHTS
- Rare Grocery-Anchored SoCal Coastal Retail Center with Significant Upside - Anchored by Grocery Outlet.
- Newer Ten (10)-Year Grocery Lease with Corporate Guarantee - The Grocery Outlet lease has almost ten (10) years of initial lease term remaining.
- Minimally Management Intensive Grocery-Anchored Retail - With only three units, the investment requires minimal management, but with less income risks
- Highly Attractive Rental Increases with Multiple Options - Prospective landlord benefits from ten (10%) percent rental increases every five (5) years.
- High Barriers to Entry Coastal Location - Located less than one (1) mile from both Port Hueneme Beach and the Port Hueneme Naval Station.
- Strong Retail Trade Area - Port City Plaza is in a strong retail trade area with close proximity to the Naval Base Ventura County.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Port City Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
ADD'L SUBTYPES
Convenience Store, Medical
TOTAL BUILDING SIZE
20745
STORIES
1
YEAR BUILT
1960
SPRINKLERS
-
PARKING SPACES
77
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
207-0-091-260,207-0-091-345
