Beta is pleased to present a new ground leased Autozone Parts for sale located in Newbury Park, CA. Autozone has ground leased approximately 53,143 SF of land and is building an approximate 7,386 SF building which is currently under construction. Autozone is expected to open in 2019 and is part of the phase II construction of the 575,644 SF regional shopping center. Autozone Parts Inc (corporate signature) entered into a 15 year lease term with 10% increases in base rent every 5 years.
Autozone is part of the Village at Newbury Park, the dominant power center in the trade area. The property features frontage along the 101 Freeway and is visible to over 139,000 vehicles daily. The Village at Newbury Park is a highly visible freeway center anchored by Lowe’s, Target, Home Depot, LA Fitness, Staples and Petsmart. It is located in the dynamic, affluent, high growth, high income trade area of Thousand Oaks/Newbury Park. The site is located at 101 Freeway at Wendy Drive. The site also features significant daytime population with over 56,000 employees within 5 miles.