140 W Los Angeles Ave | Moorpark, CA 93021
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- LoopNet Team
140 W Los Angeles Ave
Moorpark, CA 93021
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ?A strong performing Walgreens with 11.25 years remaining on a NNN lease with minimal landlord responsibilities.
- ?Hard corner location at W Los Angeles Ave and S Moorpark Ave which has a combined 44,300 VPD.
- ?Dense affluent area with 78,751 people and income of $149,941 in a 5-mile radius.
- ?Extremely rare rental escalations in the base lease term and option periods which provide an investor with a hedge against inflation.
- ?Within a key retail corridor surrounded by national tenants including: Target, Amazon Fresh, Kohl’s, Smart & Final, Ralphs, Grocery Outlet, T.J. Maxx
- ?Investment grade credit tenant (S&P rated BBB) and Fortune 500 company.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,550 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.51
Lot Size
0.66 AC
Zoning
CPD - Commercial Planned Development
Parking
50 Spaces (3.44 Spaces per 1,000 SF Leased)
Frontage
155’ on W Los Angeles Ave
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 506-0-050-635 | Improvements Assessment | $4,616,823 |
| Land Assessment | $2,424,856 | Total Assessment | $7,041,679 |
PROPERTY TAXES
Parcel Number
506-0-050-635
Land Assessment
$2,424,856
Improvements Assessment
$4,616,823
Total Assessment
$7,041,679
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