Trader Joe's 451 E Avenida De Los Arboles

INVESTMENT OVERVIEW
Attractively priced at a 5.7% cap rate (on scheduled income
effective as of July 2025), this Trader Joe’s net-leased property is
ideal for the investor seeking stable income with strong, credit
tenant occupancy. This high-demand location in the heart of
Thousand Oaks is ideally situated for continued asset appreciation.
MINIMAL MANAGEMENT
Owner responsibilities primarily consist of rent collection and bill
payment of a few recurring expenses (property tax, insurance,
common area charges), which can be outsourced if the owner
desires a completely passive investment. Otherwise, Trader Joe’s
performs roof and building maintenance, the common area manager
performs all parking lot and landscape maintenance, and the nail
salon and pet grooming tenants maintain their own units.
EXCELLENT TENANT MIX
Besides Trader Joe’s, many other essential needs focused
businesses thrive at University Shopping Center, including Rite Aid,
several restaurants (pizza, Asian, Mexican, donuts, smoothies,
pub), health and beauty services (dental offices, nail salon, barber),
convenience (mail & parcel, cleaners, laundromat, liquor store), and
specialty services (insurance, pet groomer, locksmith). These
retailers add stability as they are largely unaffected by online
competition, seasonal fluctuations, and economic cycles.
IDEALLY LOCATED
At the signalized intersection of Moorpark Road and Avenida de los
Arboles, a mile west of the 23 Freeway and less than three miles
from the 101 Freeway, University Shopping Center is centrally
located and accessible from all directions, with Cal Lutheran
University, Thousand Oaks High School, and Los Robles Medical
Center in proximity. Residents of neighboring cities Moorpark, Simi
Valley, and Westlake Village regularly frequent this center.
With nearly 125,000 residents, Thousand Oaks is the most affluent
city in Ventura County. The community offers a high standard of
living with abundant entertainment and recreational opportunities.
Outdoor enthusiasts will enjoy 15,000 acres of public open space
and 120 miles of hiking trails, with access to the Santa Monica
Mountains parklands and trails. Other major attractions include the
Thousand Oaks Civic Arts Plaza, which offers concerts, musicals,
and children's shows to draw regional audiences, and the
Thousand Oaks Auto mall, the largest in the nation. Additionally,
the city is consistently ranked as one of the safest in the nation.
ADDITIONAL OPPORTUNITY
The adjacent property, 475 E. Avenida de los Arboles, is currently
listed for sale at $4.0 million. This may benefit a 1031-exchange
buyer with a larger trade requirement. Ask broker for details.