451 Avenida De Los Arboles Thousand Oaks, CA 91360

Property Details for 451 Avenida De Los Arboles

Year built

1974

Property size

22,800 SF

Property type

Grocery and convenience stores

APN

521-0-070-390

Description

This exceptional investment opportunity presents a fully leased, 22,800 square foot Trader Joe's grocery store in Thousand Oaks, CA. Located at 451 E Avenida De Los Arboles, this Class B retail property boasts a 5.73% cap rate and a strong NOI of $658,728. The property features a single, one-story building constructed in 1974, situated on a fee-simple lot (APN: 521-0-070-390) and zoned C1. The tenant, Trader Joe's, is credit rated and provides a corporate guarantee, ensuring stable income and minimal management responsibilities. The property is part of the University Shopping Center, a thriving retail hub with a diverse tenant mix, including essential services largely unaffected by online competition. This prime location benefits from high visibility at a signalized intersection, proximity to major freeways (23 and 101), and a strong demographic base in affluent Thousand Oaks, near Cal Lutheran University, Thousand Oaks High School, and Los Robles Medical Center. The property's strategic location and strong tenant occupancy make it an attractive investment for those seeking a passive income stream with significant potential for appreciation. An adjacent property is also available for purchase, potentially benefiting 1031 exchange buyers. The asking price for this exceptional investment is $11,500,000.