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632 Lindero Canyon Rd

Oak Park, CA 91377

$9,800,000

Supermarket For Sale  •  45,000 Sq Ft

Property Details

  • Property Type Supermarket
  • Total Building Size 45,000 Sq Ft
  • Lot Size 3.97 ac
  • Building Class B
  • Year Built 1990
  • Cap Rate 2.97 %
  • Tenancy Multiple
  • Zoning CPD
0 Transit Score
58 Walk Score

Description

Oak Park Shopping Center – Anchor Building is an approximately 45,000 square foot retail building (with CVS) in the affluent Ventura County community of Oak Park, and is offered for sale by CBRE. Located at the primary intersection of Lindero Canyon Road and Kanan Road, the subject offering includes a long-term CVS lease with rent increases and upside with an opportunity for a 30,000 sq. ft. anchor tenant or approximately 8,000 sq. ft. of shops with storage space. The tenants and customers of the center are served by an abundant parking field, offering a ratio of 5.2 spaces per 1000 square feet of building, ensuring easy access and convenience. The inviting layout, convenient parking and appealing architecture have all contributed to Oak Parking Shopping Center consistently out-performing the competing centers in the market, maintaining high levels of both occupancy and rental rates through the most recent economic downturn.

Highlights

Immediate upside with CVS 10% increase (November 2018) adding an additional value of $518,647.
Rare CVS opportunity with fixed rent increases.
Great value add opportunity with a Developer that has a tenant in tow.
Located in the middle of the highly sought after Conejo Valley
Outstanding Value for an Owner/User needing up to 30,000 square feet of retail space
Good trade property opportunity.

Property Flyers

Financial Summary

Cap Rate: 2.97 %

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection

Public Transportation

AirportDriveWalkDistance
Bob Hope Airport 41 min - 33.2 mi
Los Angeles International Airport 48 min - 45.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 311
Type: Surface
Included in Rent: Yes
David Rush 805-288-4680 CBRE, Inc.
David Rush 805-288-4680 CBRE, Inc.