|
|
10/20/25
|
A 3.3k sf, newly constructed, single-tenant Shake Shack drive-thru in Oxnard traded hands for $7.24 mil, or $2,194/sf. The property, built in 2025, sits on just over one-acre at 711 Town Center Dr, at the intersection with Oxnard Blvd.
The property features a new 15-year corporate-guaranteed absolute triple-net ground lease. The building showcases Shake Shack’s latest prototype with a double-lane drive-thru, and all construction was completed at the tenant’s sole expense — underscoring their long-term commitment to the site.
Featuring prominent visibility from the U.S. 101 Fwy (168,000 CPD), the property offers immediate access to the freeway’s on/off ramps and is part of The Landing at Riverpark, a new mixed-use development featuring two Marriott-branded hotels, an 85-unit senior living facility, and 104,000 square feet of office and retail space. Co-tenants include Chick-fil-A, Panda Express, Starbucks, Handel’s Ice Cream, Nektar Juice Bar, and UPS.
The site is adjacent to The Collection at Riverpark, a 650k sf regional lifestyle center anchored by Whole Foods, Target, Cinemark, REI, and other national retailers. According to Placer.ai, The Collection sees 10.4 million annual visits and ranks in the top 1% of lifestyle centers nationwide. Whole Foods ranks in the top 9% and Target in the top 3% of their respective chains nationwide.
Sean Cox, Jeff Lefko and Bill Asher with Hanley Investment Group Real Estate Advisors represented the seller, a Texas-based developer. The buyer, a private 1031 exchange investor from Northern California, was represented by Judson Kauffman of Surmount in New York, New York.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
