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CVS ANCHORED SHOPPING CENTER
1205 S. Oxnard Blvd. + 1117-1137 S. Oxnard Blvd. Oxnard, CA 93030
OFFERING MEMORANDUM
Rick Rivera x201 CA Real Estate Lic # 00982859
(310) 575-1517 (310) 575-1147 Fax
via e-mail [email protected]
RETAIL SHOPPING CENTER FOR LEASE
SEC Oxnard Boulevard & Saviers Road
FEATURES
Approx. 14,000 SQFT Shopping Center (2 Bldgs), Plus Approx. 14,870 CVS Built in 2010
Approx. 123,893 SQFT Lot Excellent NNN Investment
Opportunity
AREA AMENITIES
Prime Oxnard Location Situated at a Major Signalized
Intersection (Five Points) Strong Population and Household
Income Demographics Ctr APN: 204-0-060-320/330/350 CVS APN: 204-0-060-340
CBM makes no warranties or guarantees about the information provided herein. We have obtained the information from sources we consider credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is subject to change without notice. Any and all projections, opinions, assumptions, and estimates provided are for purposes of example and may not represent actual performance of this property.
COMMERCIAL REAL ESTATE SERVICES
CVS ANCHORED SHOPPING CENTER– FOR SALE
1517 S. Sepulveda Blvd. Los Angeles, CA 90025
Rick Rivera x201 CA Real Estate Lic # 00982859
(310) 575-1517 (310) 575-1147 Fax
via e-mail [email protected]
1205 S. Oxnard Blvd. + 1117-1137 S. Oxnard Blvd.
Oxnard, CA 93030
Offered at $14,550,000
*CVS can be purchased separately for $8.2 million; Adjacent shopping center can be purchased separately for $6.35 million
Tenants SF CAM
Monthly Rent
Annual Rent
Security Deposit
AAR WIRELESS LLC (VERIZON) 3,007 $1,353 $9,650 $1115,800 $11,878 5 Year NNN Lease, Exp. 9/30/2020, w/2% Annual Increases Every 5 Years, Plus 5 Year Option w/10% Increase.
ROBERTS FIVE POINTS APPLIANCE
1,156 $751 $2,330 $27,960 $3,035
10 Year NNN Lease, Exp. 9/30/2023, w/2% Annual Increases, Plus 10 Year Option.
ADRIANA’S INSURANCE 1.036 $517 $4,081 $48,973 $3,626 10 Year NNN Lease, Exp. 9/30/2020, w/3% Annual Increases, Plus 5 Year Option.
ESTRELLA BEAUTY SALON 1,015 $1,094 $2,340 $28,080 $5,887 5 Year NNN Lease, Exp. 12/31/2018, w/2.5% Annual Increases, Plus 5 Year Option.
TO BE LEASED (RESTAURANT) 1,546 $1,094 $3,478 $41,742 $4,572 Terms to be determined. DOMINOS (PIZZA) 1,500 $975 $3,075 $36,900 $3,075 10 Year NNN Lease, Exp. 12/31/2023, w/12% Increases Every 5 Years, Plus 5 Year Option.
KIDS DENTAL KARE 4,742 $3,082 $8,772 $105,276 $11,855 10 Year NNN Lease, Exp. 10/31/2023, w/12% Increases Every 5 Years, Plus Two 5 Year Options.
TOTAL: 14,000 $8,431 $33,726 $404,712 $43,928
Income Schedule 1205 S. Oxnard Blvd. + 1117-1137 S. Oxnard Blvd. Oxnard, CA
CBM makes no warranties or guarantees as to the accuracy of the information provided herein, it has been obtained from sources considered credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is subject to change without notice. Any and all projections, opinions, assumptions, and/or estimates provided are for the purposes of example and may not represent actual performance of this property. CBM is performing acts that require a real estate license. CA Real Estate Brokers Lic # 00982859
West LA | Encino | Orange County | Downtown LA | San Diego | Oxnard
SF Monthly Rent Annual Rent
CVS (Nasdaq: CVS) 14,870 $35,833 $430,000 20 Year NNN Lease, Exp. 1/11/2030 Plus 8 Five Year Options. Annual Rent Increases to $473,000 1/12/2020. Rent Increases 7.5% Every Option Period.
TOTAL: 14,870 $35,833 $430,000
GRAND TOTALS: 28,870 $8,431 $69,559
$43,928
$834,712
CBM makes no warranties or guarantees as to the accuracy of the information provided herein, it has been obtained from sources considered credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is subject to change without notice. Any and all projections, opinions, assumptions, and/or estimates provided are for the purposes of example and may not represent actual performance of this property. CBM is performing acts that require a real estate license. CA Real Estate Brokers Lic # 00982859
West LA | Encino | Orange County | Downtown LA | San Diego | Oxnard
SHOPPING CENTER EXPENSES
Taxes: $76,000
Insurance: $10,000
Utilities: $12,000
Maintenance: $12,000
Mngt Fees: $16,000
Rubbish: $6,500
Total: $131,000
SALE PRICE:
$14,550,000
TRIPLE NET INCOME: $834,712
CAM INCOME: $203,500
CAM RECONS: $30,000
*EXPENSES (REIMBURSED BY TENANTS): $233,500
CAP RATE: 5.74%
DOWN PAYMENT $6,435,000 *Loan (Annual amount of $197,607 + $295,803 for total of $493,410 paid monthly)
$8,115,000
*Loan must be two All Inclusive Trust Deed (AITD) with interest rate of 4.5% amortized over 30 years, due 10/1/2023 (shopping center) and 8/1/2020 (CVS).
Financial Prospectus 1205 S. Oxnard Blvd. + 1117-1137 S. Oxnard Blvd. Oxnard, CA
CVS EXPENSES
Total: $0.0
CBM makes no warranties or guaran- tees as to the accuracy of the information provided herein, it has been obtained from sources considered credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is
West LA | Encino | Orange County | Downtown LA | San Diego | Oxnard
Tenant Overview: CVS CVS Pharmacy is the second largest pharmacy chain in the United States, with 7,600+
stores in 46 states. According to Fortune 500 listing, CVS is the 12th largest company in
the world.
CVS sells prescription drugs in addition to broad assortment of merchandise, including
over-the-counter drugs, beauty products and cosmetics, film processing services,
seasonal merchandise, greeting cards, limited foods, and other convenience items.
CVS is incorporated in Delaware, and is based in Woonsocket, Rhode Island. The
business was opened on Merrimack Street in Lowell, Massachusetts, in 1963, under the
name Consumer Value Store. The company was founded by Sid Goldstein, Stanley
Goldstein, and Ralph Hoagland, as a discount health and beauty aid store.
CVS CEO: Larry J. Merlo
2014 Revenue: $31 Billion
NYSE: CVS (Share Price: $101)
Total Number of Employees: 200,000 (in 46 states)
Why Choose CVS Over Walgreens?
The FTC may require Walgreens to close or divest of more than 1, 00 stores as result of
acquiring Rite Aid.
Unlike Walgreens, none of the CVS/pharmacy stores below are subject to FTC review
and possible closure.
Community Overview: Oxnard 1205 S. Oxnard Blvd. + 1117-1137 S. Oxnard Blvd. Oxnard, CA
Oxnard is California’s 19th most populous city, and Ventura County’s most populous
city, with 200,000+ residents.
GEOGRAPHY—Oxnard lies roughly 30 miles west of the Los Angeles city limits, and is
generally considered part of the larger Los Angeles metropolitan area. Oxnard is located on
the Oxnard Plain, an area with fertile soil. With its beaches, dunes, wetlands, creeks and the
Santa Clara River, the area contains a number of important biological communities.
POPULATION + INCOME—With a population of 203,585, Oxnard is the most populous
municipality in the Oxnard-Thousand Oaks-Ventura tri-city area, which is ranked as one of the
wealthiest in America. Tri-cities residents earn well above the average national income.
The economy fueled by international trade, agriculture, manufacturing, defense, and
tourism.
Oxnard is one of Greater Los Angeles key manufacturing centers.
The Port of Hueneme is the busiest and only deep-harbor commercial port between Los
Angeles and San Francisco. Del Monte Foods, Chiquita, BMW, Land Rover, and Jaguar
depend upon the port for transport.
Other important industries include finance, transportation, high-tech development, and
petroleum.
Two large active oil fields underlie the city and adjacent areas: the Oxnard Oil Field, east of
the city along 5th Street, and the West Montalvo Oil Field along the coast to the west of
town. Tenby Inc.'s Oxnard Refinery, on 5th Street east of Del Norte Avenue, processes oil
from both fields.
COMMUNITY AFFAIRS—Oxnard was ranked as one of the safest cities in America with
violent crime rates well below the national average.
HISTORY—Oxnard was incorporated in 1903. It is located at the western edge of the fertile
Oxnard Plain, sitting adjacent to an agricultural center of strawberries and lima beans.
CBM makes no warranties or guarantees as to the accuracy of the information provided herein, it has been obtained from sources considered credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is subject to change without notice. Any and all projections, opinions, assumptions, and/or estimates provided are for the purposes of example and may not represent actual performance of this property. CBM is performing acts that require a real estate license. CA Real Estate Brokers Lic # 00982859
West LA | Encino | Orange County | Downtown LA | San Diego | Oxnard
CBM makes no warranties or guarantees as to the accuracy of the information provided herein, it has been obtained from sources considered credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is subject to change without notice. Any and all projections, opinions, assumptions, and/or estimates provided are for the purposes of example and may not represent actual performance of this property. CBM is performing acts that require a real estate license. CA Real Estate Brokers Lic # 00982859
West LA | Encino | Orange County | Downtown LA | San Diego | Oxnard
Site Plan 1205 S. Oxnard Blvd. + 1117-1137 S. Oxnard Blvd. Oxnard, CA
Oxnard Blvd. Verizon Wireless
Roberts Five Points Appliance Adriana Insurance
Estrella Beauty Salon To Be Leased (Restaurant)
Dominos Pizza
Kids Dental Kare
Sav
iers
Roa
d
CBM makes no warranties or guarantees as to the accuracy of the information provided herein, it has been obtained from sources considered credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is subject to change without notice. Any and all projections, opinions, assumptions, and/or estimates provided are for the purposes of example and may not represent actual performance of this property. CBM is performing acts that require a real estate license. CA Real Estate Brokers Lic # 00982859
West LA | Encino | Orange County | San Diego
Additional Photos 1205 S. Oxnard Blvd. + 1117-1137 S. Oxnard Blvd. Oxnard, CA
CBM makes no warranties or guarantees as to the accuracy of the information provided herein, it has been obtained from sources considered credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is subject to change without notice. Any and all projections, opinions, assumptions, and/or estimates provided are for the purposes of example and may not represent actual performance of this property. CBM is performing acts that require a real estate license. CA Real Estate Brokers Lic # 00982859
West LA | Encino | Orange County | San Diego
Aerial Photos 1205 S. Oxnard Blvd. + 1117-1137 S. Oxnard Blvd. Oxnard, CA
CBM makes no warranties or guarantees as to the accuracy of the information provided herein, it has been obtained from sources considered credible, however, it has not been verified. The information contained herein is subject to errors and omissions and is subject to change without notice. Any and all projections, opinions, assumptions, and/or estimates provided are for the purposes of example and may not represent actual performance of this property. CBM is performing acts that require a real estate license. CA Real Estate Brokers Lic # 00982859
West LA | Encino | Orange County | San Diego
Demographics 1205 S. Oxnard Blvd. + 1117-1137 S. Oxnard Blvd. Oxnard, CA