2101 Pickwick Drive
Retail | 7.00% CAP | 25,360 SqFt
Marketing description
2101 Pickwick Drive is a neighborhood retail investment opportunity consisting of approximately 25,360 rentable square feet situated on an 80,586-square-foot parcel in Camarillo, California. The Property is leased to a diversified tenant roster providing in-place cash flow supported by a balanced mix of medical, grocery, restaurant, fitness, personal care, and specialty retail uses.
The Property benefits from a Triple Net (NNN) lease structure, multiple income sources, and annual contractual rent increases throughout much of the rent roll. The combination of current income, tenant diversification, and future lease renewal opportunities makes this an attractive offering for private investors, family offices, and 1031 exchange buyers.
Strategically located near the intersection of Pickwick Drive and East Ponderosa Drive, the Property serves one of Camarillo's established residential and commercial trade areas. The center benefits from convenient access, strong visibility, and proximity to the Camarillo Post Office, neighborhood-serving businesses, medical services, restaurants, and surrounding residential communities.
The attractive Spanish Mediterranean architecture, corner-oriented location, dual street exposure, and generous parking field contribute to the Property's long-term competitive position within the market. Multiple long-term tenants and contractual annual rent increases provide predictable income growth while future lease renewals offer additional opportunities to enhance rental revenue as market conditions permit.
Investment highlights
- Triple Net (NNN) lease structure
- Multiple income sources
- Annual contractual rent increases throughout much of the rent roll
- Diversified tenant roster with medical, grocery, restaurant, fitness, personal care, and specialty retail uses
- Attractive Spanish Mediterranean architecture
- Corner-oriented location with dual street exposure
- Generous parking field
- Proximity to Camarillo Post Office and surrounding residential communities
- Strong demographics with above-average household incomes
- Convenient access to U.S. Highway 101
- Established residential neighborhoods
- Multiple long-term tenants
- Future lease renewal opportunities
- Limited availability of comparable infill retail assets
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