Brake Masters – Camarillo, CA
238 Arneill Road, Camarillo, CA 93010
Closing Notes
- 15 Day Due Diligence
- Closed in 25 Days
- All Cash
- California Buyer
Property Description
Price: $1,600,000
Price Per/SF: $619.67
Cap Rate: 4.50%
Gross Leasable Area: ±2,582 SF
Year Built: 1994
Investment Highlights
Brand New 20-Year Lease
Rare Annual 3% Increases Throughout the Initial Term and Options Provide for an Excellent Hedge Against Inflation
Rent Well Under Market Making it Very Easy to Replace
Prime Retail Location
- Located Right Off of the 101 Freeway with Traffic Counts Exceeding 144,000 Cars Per Day
- Located on Arneill Road & E. Daily Drive with Combined Traffic Counts Exceeding 35,000 Cars Per Day
- Located Down the Street from Smart & Final and Vons Anchored Shopping Centers
- Located Just Two Freeway Exits From the Camarillo Premium Outlets with Over 674,000 SF of Retail Space
- Located Right in the Middle of Major Retailers such as Wendy’s, 99 Cents Only, Goodwill, Burger King, Pizza Hut, Dunkin, AutoZone, Dollar Tree, CVS, Habit Burger, AT&T, and Many More
Proven Brake Masters Camarillo Location
- Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
- Sales Have Increased 55% from Year Over Year | Brake Masters has Over 100 Locations in Operation | Successful Location with Seasoned Operator for 20+ Years
Pride of Property Ownership in Camarillo, CA
- Dense, Infill Location with Over 85,000 Residents within 5 Miles, Creating a Large Customer Base
- Daytime Population of Over 97,000 Demonstrates the High Employment in the Area
- Affluent Area with the Average Household Income Exceeding $137,000 within 5 Miles
- Prominent Academic Institution Presence with CSU Channel Islands (Ranked in the Top 20 Western Regional College by US News & World Report with a Student Enrollment of Over 7,000)
Contact Information
Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
[email protected]
License: CA 01958307
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643