Listed by KW Encino
$1,600,000
220 S A St.
Details
Property Type Retail
Sub Type Cannabis Dispensary
Square Footage 3,750
Units 1
Cap Rate 7.5%
NOI $120,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Rent Bumps Yes
Lease Options 5 Year extension
Price per SqFt $453
Class A
Year Built 1965
Year Renovated 2022
Acreage 0.160
Zoning Central Business District
Parking Spaces 15 spaces
Parking per 1,000 SqFt 4.00
Investment Type Net Lease
Ground Lease No
Retail | 7.50% CAP | 3,750 SqFt
Marketing description
This premier commercial property presents an exceptional investment opportunity with strong fundamentals, stable cash flow, and significant upside potential in an emerging market.
Prime positioning in a thriving commercial business corridor with exceptional accessibility, robust infrastructure, and proximity to major employment and transit centers. The surrounding area offers diverse dining, retail, and entertainment options that enhance tenant satisfaction and retention.
Investment highlights
- Strategically positioned asset in prime downtown Oxnard offering high visibility, strong foot traffic, and transit access, positioned perfectly for retail within a revitalizing commercial submarket.
- 100% leased to creditworthy and well established tenant in the cannabis industry (Off The Charts Dispensary) with 33 locations across California.
- This property offers stable tenancy for the next 9 years with current NOI of $120,000 Per anuumm. and 4% rental increases year after year with a current cap rate of 7.05% and first year cash-on-cash return of 5.48%
Listing Contacts
Listed by KW Encino
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,000.00
$10,000.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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