Listing Agency: CBRE - Ventura d***@cbre.com Show Phone

Listed By: David Rush · License #01058118 Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 22 Last Checked: Aug 29 at 7:37AM

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Investment Insights

Based on property information with market context.

This property features two freestanding drive-thru buildings and a freestanding retail building. Additionally, there are two historic buildings, each measuring 2,550 square feet, suitable for office or retail use. The property is located on a 9.7-acre lot, zoned C2, with an Assessor's Parcel Number of 660-050-010. The land value is assessed at $65.00 per square foot. This location presents a rare development opportunity with visibility from the 101 Freeway. It is suitable for retail or entertainment development. The existing freeway wall is planned to be removed.

Key Highlights

• 9.7 acre lot area
• Freeway visible development opportunity
• Zoning: C2

Property Analytics

Property Profile

Current Use

Timber School and Auditorium ... Tour Operator

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Restaurant Auto Parts Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

854

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this drive through restaurants located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - Freestanding buildings and retail spaces available for rent.

Where is this drive through restaurant located?

The property is located at 1872 Newbury Road Thousand Oaks, CA.

What are key features of this property?

This property features: 9.7 acre lot area; Freeway visible development opportunity; Zoning: C2