604 Lindero Canyon Rd Oak Park, CA 91377

Oak Park Shopping Center is a neighborhood shopping center located in Oak Park, Los Angeles, California. Situated at the intersection of Kanan Road and Lindero Canyon Road, with a traffic volume exceeding 30,000 vehicles per day, the center is positioned across the street from a Pavilions-anchored shopping center and less than 2.5 miles north of the 101 Freeway. It serves an upscale community with nearly 50,000 residents and average household incomes of $180,000 within a 3-mile radius. The shopping center is strategically located between Oak Park High School, North Ranch Country Club, and the North Ranch luxury gated housing community, establishing it as a primary shopping destination in the area. The property comprises a diverse mix of retail tenants in service, medical, lifestyle, and convenience sectors. Of the 33 retail units, eight are currently vacant, seventeen have no extension options, and six operate on a month-to-month basis. By 2028, 42% of tenant leases (by revenue) will roll over. Potential value-add approaches include market rate adjustments for below-market paying tenants, backfilling existing vacancies, and converting gross leases to triple net recoveries. The property offers the opportunity to acquire a high-income, value-add asset in an affluent suburban market.