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Best Buy 2300 N Rose Ave 48,168 SF 100% Leased Retail Building Oxnard, CA 93036 $22,419,621 CAD ($465.45 CAD/SF) 6% Cap Rate

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Investment Highlights

Investment Grade Asset
Historical Track Record
New Roof & 20 Yr Warranty

Absolute NNN Lease
Attractive Financing

Executive Summary

Marcus & Millichap is pleased to present this exclusive opportunity to acquire a Best Buy in Oxnard, California, backed by an Absolute NNN lease to an investment-grade tenant (S&P: BBB). The offering features a long-term commitment from one of the nation’s top-performing electronics retailers, ranking within the top 1% of Best Buy stores in both California and the U.S. Ownership has recently invested approximately $289,000 in a new roof with a 20-year warranty, underscoring the property’s turnkey, low-maintenance profile. Offered at $16,400,000 with a 6.00% cap rate, this Absolute NNN Best Buy represents a premier opportunity to acquire a high-credit, passive investment in one of Southern California’s strongest trade areas.
Strategically positioned along a dominant retail corridor with combined traffic counts exceeding 183,900 vehicles per day, the property benefits from exceptional visibility and access in a thriving coastal market. The surrounding area is home to major national retailers and serves a dense and affluent consumer base within Ventura County.

Offering Memorandum

Financial Summary (Actual - 2024) Click Here to Access	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Net Operating Income	-	-

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income (CAD)
Annual	-
Annual Per SF	-

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

48,168 SF

Building Class

Year Built

1995

Price

$22,419,621 CAD

Price Per SF

$465.45 CAD

Cap Rate

NOI

$1,345,404 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.19

Lot Size

5.70 AC

Opportunity Zone

Yes

Zoning

BRP

Parking

285 Spaces (5.92 Spaces per 1,000 SF Leased)

Frontage

509’ on N Rose Ave

Freeway Visibility

Pylon Sign

Signage

Retailer
99,999 SF
$9.99
Lorem Ipsum
Jan 0000

Best Buy began in 1966 as a small audio shop called Sound of Music in Minnesota. The founders rebranded it Best Buy in 1983 while expanding their product offerings. The company now provides consumer electronics, home appliances, and tech support services through Geek Squad. Best Buy operates a significant retail presence in North America with both physical stores and online platforms. Their business model combines product sales with installation and repair services.