For Sale
$11,500,000

451 Avenida De Los ArbolesThousand Oaks, CA 91360

High-yield, net-leased Trader Joe's

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully leased, 22,800 square foot Trader Joe's grocery store in Thousand Oaks, CA. Located at 451 E Avenida De Los Arboles, this Class B retail property boasts a 5.73% cap rate and a strong NOI of $658,728. The property features a single, one-story building constructed in 1974, situated on a fee-simple lot (APN: 521-0-070-390) and zoned C1. The tenant, Trader Joe's, is credit rated and provides a corporate guarantee, ensuring stable income and minimal management responsibilities. The property is part of the University Shopping Center, a thriving retail hub with a diverse tenant mix, including essential services largely unaffected by online competition. This prime location benefits from high visibility at a signalized intersection, proximity to major freeways (23 and 101), and a strong demographic base in affluent Thousand Oaks, near Cal Lutheran University, Thousand Oaks High School, and Los Robles Medical Center. The property's strategic location and strong tenant occupancy make it an attractive investment for those seeking a passive income stream with significant potential for appreciation. An adjacent property is also available for purchase, potentially benefiting 1031 exchange buyers. The asking price for this exceptional investment is $11,500,000.

Highlights

  • Fully leased 22,800 SF Trader Joe's in Thousand Oaks, CA.
  • 5.73% cap rate, $658,728 NOI.
  • Class B, single-story building on fee-simple land (APN: 521-0-070-390), C1 zoning.
  • Creditworthy tenant with corporate guarantee.
  • Prime location in University Shopping Center, near freeways (23 & 101), and affluent demographics.

Property Details for 451 Avenida De Los Arboles

Property type
Retail properties, Grocery and convenience stores
Square Feet
22,800 SF
Class
B
Year Built
1974
Buildings
1
Stories
1
Units
3

Location Insight

City
Thousand Oaks
County
Ventura
State
California
Latitude
34.2189862
Longitude
-118.8690704
451 Avenida De Los Arboles, Thousand Oaks, California

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451 Avenida De Los Arboles
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