301 Los Angeles Ave Moorpark, CA 93021

Property Details for 301 Los Angeles Ave

Year built

1993

Lot size

0.74 lot acres

Property size

2,300 SF

Zone code

CPD

Property type

Gas stations

APN

511-0-080-455

APU

5110080455

Description

This exceptional investment opportunity presents a fee-simple interest in a 2,300 square foot, single-story 7-Eleven gas station situated on a 0.74-acre lot in Moorpark, California. The property boasts six gas pumps and benefits from a strong, 100% occupancy rate under a NNN lease with 8.7 years remaining, expiring July 31, 2033, with two five-year options at fair market value. The lease commenced December 3, 1992, and includes a favorable 3% annual rent increase, providing a hedge against inflation. Built in 1993 and renovated in 2023, this asset is located at the signalized intersection of Los Angeles Avenue and Park Lane, offering excellent visibility and accessibility. The property is part of a larger shopping center, Mission Bell Plaza, with strong co-tenancy including Grocery Outlet, Fitness 19, Tractor Supply, Dollar Tree, Carl's Jr., El Pollo Loco, AutoZone, and Wells Fargo. Moorpark is a high-income area, with average household incomes exceeding $139,625 within a 1-mile radius, $177,707 within 3 miles, and $171,949 within 5 miles. The city's General Plan is undergoing amendments to allow for increased density along Los Angeles Avenue, further enhancing the property's long-term value. The asking price is $4,635,000, representing a 5.00% cap rate. The property's APN is 5110080455. This is a core investment with an investment-grade tenant (S&P: AA-).

Location Insight

City

Moorpark

County

Ventura

State

California

Longitude

-118.886

Latitude

34.2793

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments