949-271-1170
, Newbury Park, CA for Sale
Retail - FOR SALE
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Ventu Park Center
Newbury Park, CA


HIGHLIGHTS

  • Strong Performing Grocer Anchor - Ralphs is one of the dominant grocer operators in the greater Southern California region.
  • Ralphs recently completed approximately $2MM in capital improvements to the interior of their suite.
  • The tenant roster predominantly features long-term leases in place, with a weighted average lease term remaining of approximately 7.1 years.
  • Approximately 87% of the occupied square footage has been in occupancy on/before 2010.
  • Ralphs and Del Taco (freestanding pad with drive-thru) comprise approximately 52% of the in-place rental revenue stream.
  • The subject property serves the affluent Thousand Oaks community of Newbury Park.

OVERVIEW

Ventu Park Center is a mature and high-performing 67,241 square foot (approximate) Ralphs anchored neighborhood shopping center located in the affluent Thousand Oaks community of Newbury Park, CA. The offering presents the rare opportunity to acquire a seasoned and high-performing grocery-anchored shopping center within an affluent Southern California submarket. Optimally positioned at the signalized intersection of Ventu Park Rd. and Hillcrest Dr., directly adjacent to the Ventura Freeway (Highway 101), Ventu Park Center is anchored by a high performing 46,325 square foot (approximate) Ralphs grocer that recently extended their primary lease term through January 2034. Additional national and regional tenants within the collateral include Del Taco, (freestanding drive-thru pad), Mochinut, and Luau Grill.

ASK ABOUT THIS PROPERTY

Aaron BettencourtREZA Investment Group, Inc.More Info
949-271-1170

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Aaron BettencourtREZA Investment Group, Inc.More Info
949-271-1170

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