College Park Shopping Center
Retail | 6.97% CAP | 53,321 SqFt
Marketing description
College Park Shopping Center is a 53,321 SF grocery-anchored neighborhood retail center strategically positioned at the signalized hard corner of S. Rose Avenue & E. Pleasant Valley Road in Oxnard, CA. This high-visibility, high-traffic location sees a combined 32,000+ vehicles per day, serving a dense and loyal residential customer base in Ventura County’s most established retail corridor.
Anchored by Island Pacific Supermarket (44% of GLA) and Dollar Tree (29% of GLA), the center delivers stable, internet-resistant tenancy totaling ~94% occupancy with strong historical performance. The center offers a diversified mix of daily-needs retailers including laundry, bakery, liquor, beauty, donuts, carniceria, and service shops—ideal for long-term stability and consistent foot traffic.
Situated on 5.27 acres with 342 parking spaces (6.4/1,000 SF), the property provides excellent frontage—approximately 495 feet on E. Pleasant Valley Blvd and 300 feet on S. Rose Ave—maximizing visibility and signage opportunities. A new 20-year roof enhances long-term operational reliability.
College Park Shopping Center is located within a Qualified Opportunity Zone (QOZ), offering potential federal tax incentives and long-term development advantages. The large land parcel and flexible C2-PD zoning allow for modernization, strategic re-tenanting, or potential pad development, offering meaningful value-add upside for investors.
The center is positioned 0.6 miles from Oxnard College, near dense residential neighborhoods, and just 7.5 miles from US-101, drawing from a broad and growing trade area. Surrounding demographics include 171,639 residents within 3 miles and strong household density.
This is a rare opportunity to acquire a grocery-anchored, high-traffic neighborhood center in a supply-constrained coastal Southern California market with stable income, tax-advantaged potential, and multiple pathways for rental growth and redevelopment upside.
Investment highlights
Anchored by Island Pacific Supermarket (44% of GLA) and Dollar Tree (29% of GLA), representing 73% of total occupancy and driving consistent daily foot traffic.
Prime Signalized Corner Location
High-visibility intersection at S. Rose Ave & E. Pleasant Valley Rd with 32,000+ VPD and over 495 feet of combined frontage.
Dense, Established Trade Area
Surrounded by strong residential density with 171,639 residents within 3 miles and proximity to Oxnard College (0.6 miles).
High Parking Ratio & Strong Layout
342 parking spaces (6.4/1,000 SF) and functional in-line suite sizes averaging 1,655 SF—easy to lease and low turnover costs.
Value-Add Upside
Opportunity to increase revenue through re-tenanting at market rents, modernizing façades, signage, lighting, and enhancing curb appeal.
Large 5.27-Acre Parcel
Supports long-term redevelopment potential, pad opportunities, or additional building area under flexible C2-PD zoning.
Qualified Opportunity Zone
Located within a federally designated Opportunity Zone, offering significant tax-advantaged benefits for long-term investors.
New 20-Year Roof
Focus on essential retail—grocery, laundry, bakery, carniceria, liquor, and service-based tenants—ensuring durable cash flow.
Strong Financial Performance
~94% leased with rent guarantees in place and a proven history of tenant resilience.
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