1940 Newbury Rd Thousand Oaks, CA 91320
- Super regional malls
- 7,688 SF
- 1.07 lot acres
Current Use by Public Records
- Jiffy Lube® Battery Repair / Construction Machine Rental Service
- Pickles Deli Restaurant & Catering / Breakfast Restaurant / Bakery
Property Details for 1940 Newbury Rd
- Year built
- 2005
- Lot size
- 1.07 lot acres
- Property size
- 7,688 SF
- Property type
- Super regional malls
- APN
- 660-0-050-220
- APU
- 6600050220
Description
This exceptional retail opportunity presents multiple spaces for lease within a thriving community shopping center in Newbury Park, Ventura County. The property, situated on the hard corner of Newbury Park Road and Kelley Road, boasts ±26,800 square feet of total building space and offers three available retail pads ranging from approximately 1,096 to 1,416 square feet. These spaces are ideally suited for quick-serve food users or can be easily adapted for retail or full-service restaurant use. The center enjoys a highly desirable location, benefiting from excellent freeway visibility and ample parking in a large onsite lot. Key anchor tenants include Kohl's, Starbucks, and Sharkey's Fresh Mexican Grill, attracting significant foot traffic. The newer construction features excellent curb appeal. This prime location is strategically positioned to capitalize on the substantial daytime population of the surrounding neighborhood and the proximity to the Amgen Bio-Medical facility. Amgen's large campus across the 101 freeway employs approximately 5,000 workers, representing 8.5% of the city's total employment. The area is exceptionally affluent, with an average annual household income exceeding $140,000 within a two-mile radius, and is surrounded by numerous A+ national retailers. This presents a unique opportunity to establish a business in a high-traffic, high-income area with strong existing tenant synergy.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,350,000
- 6.5%
- $2,170,000
- 7%
- $2,015,000
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $3,220,000 Current use
- MEDICAL BUILDING
- $2,925,000 Change: -9% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,880,000 Change: -11% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $2,830,000 Change: -12% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,585,000 Change: -20% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Thousand Oaks
- County
- Ventura
- State
- California
- Longitude
- -118.922
- Latitude
- 34.1834
- CBSA code
- 37100
- CBSA name
- OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA
