409 Avenida De Los Arboles Thousand Oaks, CA 91360
- Lifestyle centers
- 8,000 SF
- 0.80 lot acres
Current Use by Public Records
- Fresh Donuts / Donut Shop
Property Details for 409 Avenida De Los Arboles
- Year built
- 1974
- Lot size
- 0.80 lot acres
- Property size
- 8,000 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a well-established 8,000 square foot shopping center in Thousand Oaks, California. Located at 409 E Avenida De Los Arboles, this multi-tenant property boasts a strong 83% occupancy rate with six credit-rated tenants under a NNN lease structure with 10 years remaining. The center features a desirable mix of established neighborhood restaurants and merchants, benefiting from its prime location between Trader Joe's and Rite Aid. Situated in a high-demand, upper-middle-class residential area, the property enjoys high foot traffic due to its proximity to two schools, including Thousand Oaks High School, and Cal Lutheran University, a private university with over 4,100 students and staff located just half a mile away. Built in 1974, the property sits on a 0.8-acre lot and is zoned C2. The asking price is $4,500,000, representing a price per square foot of $562.50 and a compelling 7.46% cap rate. The property also includes a patio area. This is a rare opportunity to acquire a stable, high-performing retail investment in a thriving California community with convenient access to the 101 and 23 freeways. The land value is $128.30 per square foot. The property's APN is 521-0-070-380.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Thousand Oaks
- County
- Ventura
- State
- California
- Longitude
- -118.87
- Latitude
- 34.2185
