860-872 N Ventura rd
& 430 pARK aVE
PRICE
$5,900,000
BUILDING SIZE
20,765 SF
LOT SIZE
108,029 SF
PORT HUENEME, CA 93041
CAP RATE
PRICE/SF (BLDG)
PRICE/SF
(LAND)
4.69%
$284
$55
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 860-872 N Ventura Road & 430 Park Avenue, a 20,765 SF Grocery Outlet anchored three (3) unit retail center situated on 2.48 acres (108,029 SF) a part of the larger Port City Plaza Center. Positioned along N Ventura Rd between the signalized corner at E Pleasant Valley Rd to the south and Park Avenue to the north, the offering presents a rare opportunity to acquire well-positioned grocery anchored retail in the heart of Port Hueneme, CA.
860-872 N Ventura Road & 430 Park Avenue is 93.6% occupied, pending the commencement of a lease with Little Caesar’s on 2/1/2026. The property’s tenants, Little Caesars and Grocery Outlet, are on ten (10) year leases expiring in 2036 and 2034, respectively, plus additional options to extend their leases.
Because of the cross-site access between the parcels, the subject property enjoys excellent ingress and egress along E Pleasant Valley Rd, N Ventura Rd, and Park Ave with more than 29,000 VPD past the property.
860-872 N Ventura Road & 430 Park Avenue are part of a larger center, Port City Plaza. The retail center features a synergistic mix of internet resistant tenants including a liquor store, nail salon, tattoo parlor, convenience store, Vietnamese restaurant, and a Jack in the Box drive thru.