Ventu Park Center
High Performing Ralphs Grocery Anchored Center - Affluent Southern California Market
Marketing description
Ventu Park Center is a mature and high-performing 67,241 square foot (approximate) Ralphs anchored neighborhood shopping center located in the affluent Thousand Oaks community of Newbury Park, CA. The offering presents the rare opportunity to acquire a seasoned and high-performing grocery-anchored shopping center within an affluent Southern California submarket.
Optimally positioned at the signalized intersection of Ventu Park Rd. and Hillcrest Dr., directly adjacent to the Ventura Freeway (Highway 101), Ventu Park Center is anchored by a high performing 46,325 square foot (approximate) Ralphs grocer that recently extended their primary lease term through January 2034. Additional national and regional tenants within the collateral include Del Taco, (freestanding drive-thru pad), Mochinut, and Luau Grill.
Investment highlights
Strong Performing Grocer Anchor
Ralphs is one of the dominant grocer operators in the greater Southern California region. An investment grade tenant with a “BBB” S&P Rating, Ralphs parent company Kroger is the largest traditional grocer in the U.S. and generated approximately $150 Billion in 2025 revenues.
Ralphs’ Recent Capital Expenditures
The tenant recently completed approximately $2MM in capital improvements to the interior of their suite; demonstrating the tenant’s long-term commitment to the subject property.
Long-Term National and Regional Credit Tenancy
Ventu Park Center’s tenant roster predominantly features long-term leases in place, with a weighted average lease term remaining of approximately 6.4 years; providing a secure income stream for an investor.
Seasoned Tenancy
Approximately 87% of the occupied square footage has been in occupancy on/before 2010; demonstrating the long-term viability of the property’s location and tenant base.
Low Risk Profile Investment
Ralphs and Del Taco (freestanding pad with drive-thru) comprise approximately 52% of the in-place rental revenue stream.
Amongst Ventura County’s Most Affluent Communities
The subject property serves the affluent Thousand Oaks community of Newbury Park. The surrounding area has average household incomes of approximately $141,248 and $137,165 within a one and three-mile radius of the property, respectively.
Significant Daytime Population
The trade area benefits from a strong daytime population, with the corporate headquarters of biotech firm Amgen (approximately 5,000 employees) located approximately ½ mile northwest of the subject property. Several additional office and industrial developments are also located in the immediate submarket, further bolstering the area’s daytime population.
Freeway-Proximate Location
The property is strategically positioned approximately 500 feet north of the Ventura Freeway (Highway 101), which receives average daily traffic counts of 180,000 vehicles at the Ventu Park Rd. interchange.
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