5001 Verdugo Way - Movie Theatre FOR SALE
Camarillo, CA 93012 |
$12,000,000 USD
310-558-2029
5001 Verdugo Way
Camarillo, CA 93012
HIGHLIGHTS
- 5.5 Years Remaining on NNN Lease | 12% Percentage Rent of Box Office Sales | Luxury Theatre With Recent Renovations
- The Lease Includes 5.5 Years of Term Remaining With Three 5-Year Renewal Options, Demonstrating the Tenant's Commitment to the Location
- 8% Rent Increases Every 5-Years Provide Steady NOI Growth, Offering a Hedge Against Inflation
- The Lease Also Features a 12% Percentage Rent Based on Box Office Sales, Creating Upside Potential Tied to the Theatre's Performance
- Established Tenant With Proven Success: The Roxy Stadium 11 Opened in 2004 and Has Been a Staple in the Camarillo Community For Over 20 Years
- The Property is Surrounded By Complementary Retail, Dining and Entertainment Options, Enhancing Its Visibility and Drawing Consistent Traffic
OVERVIEW
Sands Investment Group, in Partnership With Radius Group, is Pleased to Exclusively Offer For Sale the 40,598 SF Roxy Cinema Located at 5001 Verdugo Way in Camarillo, CA. The Lease Includes 5.5 Years of Term Remaining With Three 5-Year Renewal Options, Demonstrating the Tenant's Commitment to the Location. The Lease Features a 12% Percentage Rent Based on Box Office Sales, Creating Upside Potential Tied to the Theatre's Performance, Providing For a Secured Investment.
In Cooperation With Sands Investment Group, Inc - Lic. #1768950
FOR SALE DETAILS
PRICE
$12,000,000 USD
PRICE/SF
$235 USD /SF
CAP RATE
6.53%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Roxy Cinema - Camarillo, CA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Movie Theatre
ADD'L SUBTYPES
Freestanding, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
200
LAND DETAILS
CROSS STREETS
Camino Ruiz
LAND ACRES
3.28 AC
LAND SF
142,964 SF
ZONING
CPD, Camarillo
APN/PARCEL ID
160-0-201-095,160-0-201-165
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310-558-2029
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310-558-2029
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