Shops at Thousand Oaks Marketplace
Shadow-Anchored NNN Retail I Hwy 101 Frontage I Ventura County
Marketing description
The Shops at Thousand Oaks Marketplace is a ±14,930 SF multi-tenant NNN retail center positioned directly adjacent to Highway 101 with 169,780 cars per day - one of the highest-trafficked corridors in Ventura County.
Shadow-anchored by Wal mart Neighborhood Market, Walgreens, and one of the top-performing Starbucks drive-thrus in the county, the center benefits from a powerful daily-needs co-tenancy that drives consistent traffic. The property sits at the signalized intersection of N. Ventu Park Rd. and W. Hillcrest Dr. with combined intersection counts of 36,000 cars per day and dual ingress/egress.
The trade area demographics are among the strongest in Southern California - $135K median household income, $2.1M average household net worth within one mile, and nearly 50% of residents holding a bachelor's degree or higher.
Demand drivers are durable and growing. Amgen - the area's largest employer with 5,500 on- campus employees - is investing $600M into a new research hub nearby. Thousand Oaks has 65+ development projects underway including nearly 2,000 new residential units, and the Conejo Valley is emerging as one of Southern California's premier biotech corridors.
All leases are NNN with scheduled rent increases. Built in 2016. Zoned C-3.
Investment highlights
- Freeway Adjacent - Highway 101 with 169,780 ADT
- Shadow Anchored - Walmart Neighborhood Market, Walgreens, Starbucks Drive-Thru
- Affluent Demographics - $135K median HH income, $2.1M avg HH net worth
- Amgen Proximity - 5,500 employees + $600M expansion nearby
- NNN Leases - landlord-friendly structure with built-in rent increases
- High Barriers to Entry
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