WSS and Krispy Kreme Doughnuts Celebrate Grand Opening in 17,430 SF Building
OXNARD, Calif. – (RealEstateRama) — Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm is marketing for sale a newly-constructed two-tenant retail building occupied by WSS (Warehouse Shoe Sale) and Krispy Kreme Doughnuts, located at the signalized intersection of Vineyard Avenue and Riverpark Boulevard in Oxnard, Calif.
The listed price is $10,337,000, representing a cap rate of 5.0 percent.
The 17,430-square-foot retail building is located on 1.52 acres at 210-220 Riverpark Boulevard, at the southwest corner of Riverpark Boulevard and Vineyard Avenue, in Oxnard. Hanley Investment Group President Ed Hanley, along with Eric Wohl, executive vice president, and Jeremy McChesney, senior vice president, are marketing the retail triple-net absolute property for sale.
Hanley said that when Krispy Kreme had its grand opening, people camped out in tents in the parking lot the night before to be first in line and cars and people were lined up for hours on opening day.
McChesney reports that this is a high-profile freeway-visible location shadowed by a newly-constructed McDonald’s. “This is a great location, just off the Vineyard exit of US Highway 101, visible to over 133,000 cars per day traveling along the main north/south artery connecting Ventura and Los Angeles counties. The building is also in close proximity to The Collection at RiverPark, a 650,000-square-foot outdoor lifestyle shopping center anchored by Target, Whole Foods, Century Theatres 16 and XD, REI, H&M, 24 Hour Fitness Super Sport, The Container Store, Red Robin and ULTA, among others,” McChesney added.