Starbucks/Handle's/UPS/Nekter: The Landing | 751 Town Center Dr
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Starbucks/Handle's/UPS/Nekter: The Landing 751 Town Center Dr
7,236 SF 100% Leased Retail Building Oxnard, CA 93036 £6,261,000 (£865/SF) 5.60% Net Initial Yield
Investment Highlights
- Newly Completed Starbucks Drive-Thru Anchored Retail Shopping Center Investment Opportunity
- Stabilized Asset Secured With Long-Term, Corporate Guaranteed Leases, Ensuring a Lucrative, Consistent Income Stream
- Site Visible to Motorists Traveling on the 101 Freeway With Traffic Counts Measuring +/-168,00 Cars Per Day
- +/-7,000 SF, 5-Tenant Pad 100% Leased to Starbucks, Handel’s Ice Cream, Nekter Juice Bar, UPS, and Dental Clinic
- Superbly located at the high-traffic intersection of Oxnard Boulevard + Town Center Drive With Traffic Counts Measuring +/- 64,000 Cars Per Day
- Prime Oxnard Location in the Midsts of a Major Development Boom, With Multiple Residential, Mixed-Use, and Retail Projects
Executive Summary
Starbucks drive-thru anchored retail shopping center investment opportunity fully leased on long-term leases with A+ credit tenants, including Handel’s Ice Cream, Nekter Juice Bar, UPS, and Tooth Berry Dental Clinic. Boasting excellent curb appeal, the brand new construction +/-7,000 SF, 5-unit building is situated on a spacious acre+ lot. Asset promises an immediate return on investment. 100% occupancy with long-term corporate leases ensures a stable income stream, anchoring the property's asset value. Outstanding opportunity to take advantage of turnkey investment amid Oxnard's thriving commercial landscape.
Freeway visible, Starbucks drive-thru anchored shopping center situated in the epicenter of Oxnard's current development boom. Adjacent to the Collection at RiverPark, a 650,000 SF shopping mall with nearly 60 premier retailers and restaurants. Immediate neighbors include recently completed Chick-fil-A and Panda Express anchored strip center.
Freeway visible, Starbucks drive-thru anchored shopping center situated in the epicenter of Oxnard's current development boom. Adjacent to the Collection at RiverPark, a 650,000 SF shopping mall with nearly 60 premier retailers and restaurants. Immediate neighbors include recently completed Chick-fil-A and Panda Express anchored strip center.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
£350,327
|
£48.41
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | £350,327 |
| Annual Per SF | £48.41 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,236 SF
Building Class
B
Year Built
2024
Price
£6,261,000
Price Per SF
£865
Net Initial Yield
5.60%
NOI
£350,327
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.16
Land Acres
1.02 AC
Zoning
Retail/Commercial Center
Parking
45 Spaces (6.22 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Handel's Ice Cream
- Accommodation and Food Services
- 1,650 SF
- £4.00
- Triple Net
- -
- Nekter Juice Bar
- Accommodation and Food Services
- 900 SF
- £3.45
- Triple Net
- -
- Starbucks
- Accommodation and Food Services
- 1,300 SF
- £7.20
- Triple Net
- -
- The Tooth Berry
- Health Care and Social Assistance
- 1,950 SF
- £3.22
- -
- -
- UPS Store
- -
- 1,200 SF
- £3.22
- Triple Net
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Handel's Ice Cream | Accommodation and Food Services | 1,650 SF | £4.00 | Triple Net | - | |
| Nekter Juice Bar | Accommodation and Food Services | 900 SF | £3.45 | Triple Net | - | |
| Starbucks | Accommodation and Food Services | 1,300 SF | £7.20 | Triple Net | - | |
| The Tooth Berry | Health Care and Social Assistance | 1,950 SF | £3.22 | - | - | |
| UPS Store | - | 1,200 SF | £3.22 | Triple Net | - |
Walk Score ®
Very Walkable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 (2023) | |
| Land Assessment | £2,555,036 (2023) | Total Assessment | £2,555,036 (2023) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£2,555,036 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£2,555,036 (2023)
-
Rick Rivera -
CBM1 Inc
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Starbucks/Handle's/UPS/Nekter: The Landing | 751 Town Center Dr
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