Retail Outparcel at Camarillo Outlets

Retail Outparcel at Camarillo Outlets Property Images & Information

Retail Outparcel at Camarillo Outlets Property Description

The property is located by the 101 Freeway (±150,000 VPD) in a highly affluent area of Camarillo, CA. IRREPLACEABLE OUTPARCEL TO HIGHLY SUCCESSFUL SIMON CAMARILLO OUTLETS • The site is an outparcel fronting the highly successful Camarillo Outlets with excellent tenants sales of nearly $800 psf – A rated center • Camarillo Outlets attracts over 7.2 million visitors annually and has over 150 top retailers in their tenant lineup including Nike, H&M, Lululemon, Michael KORS, Pottery Barn, Coach, Boss, and JCrew to name a few STRONG NATIONAL / REGIONAL TENANT LINE UP – DAILY NEEDS & E-COMMERCE PROOF • The center includes the top food/ restaurant operators- Chipotle, Ubatuba Acai, Latitude 34 & Makenna Koffee • Latitude 34 has seen strong year over sales increase over last 4 years. • These Daily needs retailers typically fare well no matter the economic cycle and are immune to the e-commerce threat as well • The mix of strong food operators ensures a high consistent foot traffic at all times of the day including both weekday and weekends RECENT LEASE EXTENSIONS & NEW EXCITING COFFEE OPERATOR • Chipotle and Ubatuba Acai both exercised their 5 year renewal options • Makenna Koffee- an exciting new regional coffee operator signed a new 10 year lease with plans for another 4 new locations in Southern California. EXCELLENT NEW MAJOR TRAFFIC GENERATOR RETAIILERS AND HOSPITALITY • Finney Crafthouse – an exciting high performing restaurant recently opened adjacent to this site and is doing exceptional sales in the top tier of the chain • Embassy Suites and Home 2 Suites are 2 new hotels under construction across the street with this site and they are due to open end of 2026 • Costco recently got approved for their new state of art facility just west on Ventura Blvd – they are expected to open in 2026 which will significantly increase the consumer traffic to the area • Chick Fil A had their opening to an exceptional welcome next door to the east. This will be a non drive thru proving the quality of the real estate by not requiring a drive thru – further evidence of the A+ location • Texas Roadhouse just announced that they will opening a new restaurant adjacent to our site in 2027- another indication of the quality of the real estate. IDEAL FREEWAY FRONTAGE WITH EXCELLENT VISIBILITY • The center is highly visible and easily accessed from the 101 freeway (±150,000 VPD) as well as Las Posas Rd. off ramp intersection with Ventura Blvd. (nearly 40,000 VPD) • The combination of excellent visibility, tremendous traffic counts and easily accessibility with the 101 freeway should continue to push the center’s tenants sales to the highest level EXCEPTIONALLY LOW FIXED RATE ASSUMABLE LOAN • 4.059 % interest is extremely favorable in today’s current lending market • Full term Interest only – Increases cash on cash return for an investor • Matures in May 2029 HIGHLY AFFLUENT DEMOGRAPHICS & LARGE TRADE AREA • The affluent trade area ($129,000 – 3 mile radius) provides strong discretionary income to support the tenants • The easy freeway access increases the trade area to over 10 miles with a nearly 500,000 population draw PRIDE OF OWNERSHIP CONSTRUCTION • The property has been well maintained and features high quality construction which generates strong tenant interest and customer appeal • Build in 2015, an investor can expect little to no anticipated capital expenditures over the holding period. 100% LEASED - EASE OF MANAGEMENT • Ideal investment for a 1031 passive exchange investor • Only 4 tenants to manage on NNN leases, whereby the expenses get passed through to the tenants

Exclusive Investment Highlights

• Irreplaceable Pad To Highly Successful Simon Camarillo Outlets | 6.7 Million Visitors Annually – A Rated Center
• Strong National / Regional Tenant Line Up – Daily Needs & E-Commerce Proof | Chipotle, Ubatuba Acai, Latitude 34 & Makenna Koffee
• Excellent New Significant Local Traffic Generators- Finney Crafthouse, Chick Fila/Embassy Suites/ Home 2 Suites-2025/2026 opening – Costco/ Texas Roadhouse – 2026 opening
• Ideal Freeway Frontage with Excellent Visibility from the 101 Freeway (±150K VPD) at High Trafficked Intersection of Ventura Blvd/ Las Posas ( 50K VPD )
• Exceptionally Low Fixed Rate Assumable Loan | 4.059 % interest is extremely favorable in today’s current lending market
• Highly Affluent Demographics & Large Trade Area | $150,000 – 3 Mile Radius & 460K Population in 10 Mile Radius

Area Overview

The property is located by the 101 Freeway (±150,000 VPD) in a highly affluent area of Camarillo, CA

Financial Snapshot

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