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Best Buy 2300 N Rose Ave 48,168 SF Retail Building Oxnard, CA 93036 $22,893,089 CAD ($475.28 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

$22,893,089 CAD

Price Per SF

$475.28 CAD

Cap Rate

NOI

$1,373,817 CAD

Tenancy

Single

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
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Jan 0000

At Best Buy, their purpose is to enrich lives through technology. Best Buy does that by leveraging their unique combination of technology expertise and human touch to meet their customers’ everyday needs, whether they come to them online, visit their stores or invite them into their homes.