Beta is pleased to present this rare opportunity to purchase the Jack In the Box parcel located in Newbury Park, CA. Jack in the Box 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 power center anchored by Lowe’s with surrounding retailers such as Target, LA Fitness, Home Depot, Staples and Petsmart. It is located in the dynamic, affluent, high growth, high income trade area of Thousand Oaks/Newbury Park. The site is near the new freeway interchange which allows for convenient access to and from the Ventura 101 Freeway at Wendy Drive and has a strong daytime population with over 56,000 employees within 5 miles. Amgen is Ventura County’s largest employer with its company headquarters located in neighboring Thousand Oaks, California.
The offering consists of an approximate 30,000 SF parcel with a 2,850 SF Jack in the Box, which is currently under construction. Jack in the Box is expected to open in 2019 and is part of the phase II construction of the 575.644 SF regional shopping center. Jack in the Box entered into a 20 year ground lease with four options to renew.