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

Other retail properties

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].