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Auto Dealership

4.73-Acre Net Leased Auto Dealership

1345 N Oxnard Blvd, Oxnard, CA 93030

Listing Price: Request For Offer

Tenant Name
Martin Auto Group
Years Remaining On Lease
2.7
Guarantor
Personal Guarantee
Rentable SF
44,897
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.94

Investment Overview

INVESTMENT OPPORTUNITY Marcus & Millichap is pleased to present 1345 North Oxnard Boulevard, a 4.73- acre site currently improved with an automotive and recreational vehicle dealership. This offering is an opportunity to acquire a net-leased asset with future redevelopment potential. The site has a zoning designation of General Commercial with a Planned Development overlay, which permits a wide variety of commercial uses. Additionally, development with a multifamily residential use would be permitted with a residential overlay. The base residential density is 30 dwelling units per acre; higher densities are achievable with the inclusion of below market rate units. EXCELLENT ACCESS TO AMENITIES The subject site is located along Oxnard Boulevard, a commercial thoroughfare in the city, and is near grocery and drug stores, department stores, clothing and soft goods retailers, restaurants, and personal services. Major retailers in the area include Walmart, Smart & Final, Von’s, Food 4 Less, Sam’s Club, ALDI, Walgreens, Lowe’s, Home Depot, Hobby Lobby, Best Buy, Nordstrom Rack, and TJ Maxx. The property is also a short distance from nearby schools. Pacifica High School is located directly across the street from the site and Fremont Intermediate School is less than one mile to the east. ECONOMY The economy of Oxnard is based largely on manufacturing, government employment, agriculture, healthcare, and defense. The city and local school districts are three of the ten largest employers in the city. Procter & Gamble, HAAS Automation, Spatz Laboratories, and Raypak all have major manufacturing facilities in Oxnard. St. John’s Regional Medical Center operates the hospital in Oxnard and Dignity Health has several medical facilities. Port Hueneme serves as the only deep-harbor commercial port between Los Angeles and San Francisco. Companies that utilize the port include Del Monte Foods, Chiquita, BMW, Land Rover, and Jaguar. Two large oil fields underlie the city, which also contribute largely to the economy. GREAT DEMOGRAPHIC PROFILE 1345 North Oxnard Boulevard located in a dense region with a population of 294,774 within a 5-mile radius. The area near the site has seen exceptional growth in recent years, with the population increasing by 34.5% since 2000. Growth is expected to occur at a lower rate over the next five years, due mainly to the lack of vacant land available for development. Oxnard has a middle-income profile; the median household income for the area is $79,231.

Investment Highlights

  • 4.73- acre site currently improved with an automotive and recreational vehicle dealership
  • Opportunity to acquire a net-leased asset with future redevelopment potential
  • Located along Oxnard Boulevard, a commercial thoroughfare in the city
  • Dense region with a population of 294,774 within a 5-mile radius, with the population increasing by 34.5% since 2000

Exclusively Listed By

Auto Dealership

4.73-Acre Net Leased Auto Dealership

Listing Price: Request For Offer

Tenant Name
Martin Auto Group
Years Remaining On Lease
2.7
Guarantor
Personal Guarantee
Rentable SF
44,897
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.94

Investment Highlights

  • 4.73- acre site currently improved with an automotive and recreational vehicle dealership
  • Opportunity to acquire a net-leased asset with future redevelopment potential
  • Located along Oxnard Boulevard, a commercial thoroughfare in the city
  • Dense region with a population of 294,774 within a 5-mile radius, with the population increasing by 34.5% since 2000

Investment Overview

INVESTMENT OPPORTUNITY Marcus & Millichap is pleased to present 1345 North Oxnard Boulevard, a 4.73- acre site currently improved with an automotive and recreational vehicle dealership. This offering is an opportunity to acquire a net-leased asset with future redevelopment potential. The site has a zoning designation of General Commercial with a Planned Development overlay, which permits a wide variety of commercial uses. Additionally, development with a multifamily residential use would be permitted with a residential overlay. The base residential density is 30 dwelling units per acre; higher densities are achievable with the inclusion of below market rate units. EXCELLENT ACCESS TO AMENITIES The subject site is located along Oxnard Boulevard, a commercial thoroughfare in the city, and is near grocery and drug stores, department stores, clothing and soft goods retailers, restaurants, and personal services. Major retailers in the area include Walmart, Smart & Final, Von’s, Food 4 Less, Sam’s Club, ALDI, Walgreens, Lowe’s, Home Depot, Hobby Lobby, Best Buy, Nordstrom Rack, and TJ Maxx. The property is also a short distance from nearby schools. Pacifica High School is located directly across the street from the site and Fremont Intermediate School is less than one mile to the east. ECONOMY The economy of Oxnard is based largely on manufacturing, government employment, agriculture, healthcare, and defense. The city and local school districts are three of the ten largest employers in the city. Procter & Gamble, HAAS Automation, Spatz Laboratories, and Raypak all have major manufacturing facilities in Oxnard. St. John’s Regional Medical Center operates the hospital in Oxnard and Dignity Health has several medical facilities. Port Hueneme serves as the only deep-harbor commercial port between Los Angeles and San Francisco. Companies that utilize the port include Del Monte Foods, Chiquita, BMW, Land Rover, and Jaguar. Two large oil fields underlie the city, which also contribute largely to the economy. GREAT DEMOGRAPHIC PROFILE 1345 North Oxnard Boulevard located in a dense region with a population of 294,774 within a 5-mile radius. The area near the site has seen exceptional growth in recent years, with the population increasing by 34.5% since 2000. Growth is expected to occur at a lower rate over the next five years, due mainly to the lack of vacant land available for development. Oxnard has a middle-income profile; the median household income for the area is $79,231.

Exclusively Listed By

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