The Village at Newbury 2715-2725 Teller Rd 33,965 SF 100% Leased 4-Star Retail Building Newbury Park, CA 91320 $11,802,863 CAD ($347.50 CAD/SF) 6.13% Cap Rate

Rare opportunity to acquire a stabilized, two-tenant box located at The Village at Newbury Park, a 423,105 SF freeway-adjacent power center and the premier shopping destination in the northern Conejo Valley.
Anchored by top-performing national retailers including Target, Home Depot, this center benefits from exceptional visibility and foot traffic.
The asset features long-term NNN leases with two strong national credit tenants: T.J. Maxx (S&P: A), a globally recognized off-price retail leader, and Five Below (S&P: B+), one of the fastest-growing discount retailers in the country. Both retailers deliver a highly engaging “treasure hunt” in-store experience that continues to outperform in a digital-first retail environment.
The recent 10-year lease commitment by Five Below underscores their confidence in the location’s performance and market fundamentals. With built-in rental escalations and a solid tenant mix, the property offers investors a durable income stream, a hedge against inflation, and long-term value in a highly sought-after trade area.
Located within affluent, densely populated infill Ventura County, the immediate trade area boasts approximately 50,515 residents within a three-mile radius, with an impressive average household income of $179,088. This strong demographic profile supports premium retail demand and sustained consumer spending power.
The property is situated in the highly desirable Thousand Oaks market, consistently ranked as one of America’s top places to live. Known for its exceptional safety record—frequently designated as one of the safest cities in the nation—Thousand Oaks offers an enviable quality of life supported by some of the country’s highest-rated public schools, expansive and well-maintained parks, and diverse retail options. The area also hosts one of the largest auto malls in the nation, drawing steady regional traffic and reinforcing the location’s status as a retail and lifestyle hub.
This combination of unmatched location, affluent demographics, and a thriving community establishes this asset as a highly attractive investment opportunity with long-term growth potential.