711 Town Center DrOxnard, CA 93036

Property Details for 711 Town Center Dr

Year built

2024

Lot size

1.01 AC

Property size (Sq ft)

3,286 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a brand-new, 3,286 square foot Shake Shack restaurant with a double drive-thru, built in 2024. Located at 711 Town Center Dr, Oxnard, CA 93036, this property sits on a 1.01-acre lot and benefits from a high-traffic location directly off US-101 (124,938+ vehicles per day), with additional exposure from Town Center Drive (17,849+ VPD) and Oxnard Blvd (42,562+ VPD). The property features a 15-year absolute NNN ground lease commencing February 1, 2025, and expiring January 31, 2040, with two 5-year renewal options. The lease includes a corporate guarantee from Shake Shack, a rapidly expanding national chain with over 552 global locations. Rent increases by 10% every five years, ensuring consistent income growth. The property boasts a 4.35% cap rate and a strong net operating income (NOI) of $369,248. The asking price is $8,489,000, translating to a price per square foot of $2,583.38. Nearby national retailers include Chick-fil-A, Panda Express, Walmart Neighborhood Market, and Home Depot, further enhancing the property's desirability. Oxnard, CA, is a thriving community ranked among the top places to retire and buy a new home, with a population exceeding 200,415. This is a rare opportunity to acquire a high-performing, net-leased asset with a strong tenant and significant upside potential.

Location Insight

City

Oxnard

County

Ventura

State

California

Latitude

34.2418

Longitude

-119.18

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