| CREOP

Attractively priced at a 5.7% cap rate (on scheduled income effective as of July 2025), this Trader Joe’s net-leased property is ideal for the investor seeking stable income with strong, credit tenant occupancy. This high-demand location in the heart of Thousand Oaks is ideally situated for continued asset appreciation.

Owner responsibilities primarily consist of rent collection and bill payment of a few recurring expenses (property tax, insurance, common area charges), which can be outsourced if the owner desires a completely passive investment. Otherwise, Trader Joe’s performs roof and building maintenance, the common area manager performs all parking lot and landscape maintenance, and the nail salon and pet grooming tenants maintain their own units.

Besides Trader Joe’s, many other essential needs focused businesses thrive at University Shopping Center, including Rite Aid, several restaurants (pizza, Asian, Mexican, donuts, smoothies, pub), health and beauty services (dental offices, nail salon, barber), convenience (mail & parcel, cleaners, laundromat, liquor store), and specialty services (insurance, pet groomer, locksmith). These retailers add stability as they are largely unaffected by online competition, seasonal fluctuations, and economic cycles.

At the signalized intersection of Moorpark Road and Avenida de los Arboles, a mile west of the 23 Freeway and less than three miles from the 101 Freeway, University Shopping Center is centrally located and accessible from all directions, with Cal Lutheran University, Thousand Oaks High School, and Los Robles Medical Center in proximity. Residents of neighboring cities Moorpark, Simi Valley, and Westlake Village regularly frequent this center.
With nearly 125,000 residents, Thousand Oaks is the most affluent city in Ventura County. The community offers a high standard of living with abundant entertainment and recreational opportunities. Outdoor enthusiasts will enjoy 15,000 acres of public open space and 120 miles of hiking trails, with access to the Santa Monica Mountains parklands and trails. Other major attractions include the Thousand Oaks Civic Arts Plaza, which offers concerts, musicals, and children's shows to draw regional audiences, and the Thousand Oaks Auto mall, the largest in the nation. Additionally, the city is consistently ranked as one of the safest in the nation.

The adjacent property, 475 E. Avenida de los Arboles, is currently listed for sale at $4.0 million. This may benefit a 1031-exchange buyer with a larger trade requirement. Ask broker for details.

Sitting on the corner of Moorpark Road and Avenida de los Arboles, about 1 mile west of the 23 Freeway and less than 3 miles north of the 101 Freeway, University Shopping Center is easily accessed by locals and visitors from all directions. The city of Thousand Oaks is the second-largest city in Ventura County. Located in the heart of Conejo Valley, University Shopping Center serves the local residents of Thousand Oaks as well as visitors from neighboring cities such as Moorpark, Simi Valley, and Westlake Village. Sitting near the Santa Monica Mountains, Thousand Oaks has 15,000 acres of public open space and 120 miles of trails for hiking, biking or just enjoying a nice walk. The Civic Arts Plaza and City Hall brings people from all areas by offering all kinds of entertainment like concerts, musicals, and children's shows. With about 129,000 residents, Thousand Oaks is a family-friendly place with excellent schools, plenty of parks, and lots of shopping options, including the biggest auto mall in the country. Additionally, it's consistently ranked as one of the safest cities in the nation.