Drive-Thru Endcap Retail
For Sale
$2,700,000
90-94 N Ashwood Ave, Ventura, CA 93003
Endcap retail building featuring a former drug store setup with a drive-thru in an established neighborhood shopping center.
Property Size9,600 SF
Days on Market20
Property Features for 90-94 N Ashwood Ave
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Retail
Building Details
Building Size
9,600 SF
Year Built
1961
Listing Agency:
(805) 653-6794
Listed By:
Jeffrey R. Becker CCIM . CPM . RPA
Source:
Beckergrp
Added: Jul 22
Changed: Aug 8
Last Checked: Aug 9 at 6:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jeffrey R. Becker CCIM . CPM . RPA
Investment Insights
Based on property information with market context.
The offering includes a retail building configured as an end cap and previously operated as a drug store, with an existing drive-thru component. The property is presented as part of an established neighborhood shopping center.
The center is described as being adjacent to Ventura College and nearby retailers and businesses including CVS and Denny’s, along with a Tesla charging station. Additional nearby uses referenced include Rincon Brewery and Community Memorial Hospital, supporting a day-to-day commercial environment.
For buyers or tenants seeking a built-in retail endcap with drive-thru functionality, this property provides a specific, operationally oriented configuration within the shopping center setting.
The center is described as being adjacent to Ventura College and nearby retailers and businesses including CVS and Denny’s, along with a Tesla charging station. Additional nearby uses referenced include Rincon Brewery and Community Memorial Hospital, supporting a day-to-day commercial environment.
For buyers or tenants seeking a built-in retail endcap with drive-thru functionality, this property provides a specific, operationally oriented configuration within the shopping center setting.
Key Highlights
- End cap retail building in an established neighborhood shopping center
- Former drug store setup with drive‑thru
- Year built: 1961
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$178,675
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,573,500
$3.6M
Cap Rate 7%
$2,552,500
$2.6M
Cap Rate 9%
$1,985,278
$2.0M
Market Conditions
NOI Build-Up for 9,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$253.4K $26.40/SF
− Vacancy
−$15.2K −$1.58/SF
EGI
$238.2K $24.82/SF
− OpEx
−$59.6K −$6.20/SF
NOI
$178.7K $18.61/SF
Area
Santa Clara County, CA
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,573,500
Cap Rate 7%
$2,552,500
Cap Rate 9%
$1,985,278
Alternative Uses
Best Use
Retail
$3.70M
$3.24M – $4.32M
NOI $259,310 @ 7.0% cap · market cap 9.60%
Second Best
Specialty Retail
$2.55M
$2.23M – $2.98M
NOI $178,675 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$5.80M
$5.07M – $6.76M
NOI $405,697 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 48%
Mobil
Shops & Services
11,322 visits/mo
0.4 miles
Denny's
Dining
8,764 visits/mo
0.4 miles
Fosters Freeze
Dining
3,449 visits/mo
0.4 miles
Demographics for 93003, CA
50,558
Population
20,734
Households
2.4
Avg Household Size
42
Median Age
41%
College-Educated
92%
High-School Grad
20.8 sq mi
ZIP Area
2,431
Density / Sq Mi
$100,300
Median Household Income
$50,185
Median Earnings
$2,173
Median Rent
$781,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- CVS — 5900 Telegraph Rd, Ventura, CA 93003
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- Richard J. Ando, PharmD — 6040 Telegraph Rd, Ventura, CA 93003
- Maria Teresa M. Barretto, BS — 6040 Telegraph Rd, Ventura, CA 93003
- 24/7 Hydration — 41 S Wake Forest Ave #7462, Ventura, CA 93003
Frequently Asked Questions
What type of property is this?
Drug store - Endcap retail building featuring a former drug store setup with a drive-thru in an established neighborhood shopping center.
Where is this drug store located?
The property is located at 90-94 N Ashwood Ave Ventura, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: End cap retail building in an established neighborhood shopping center; Former drug store setup with drive‑thru; Year built: 1961
