Immediate access to 23 & 118 Freeways
Rough graded with all utilities to the property
Zoned Commercial & Light Industrial
Walking distance to retail amenities
11.22 Acres are usable out of the 12.51 Acres.
The subject property is an approximately 12.77 acre gross and 11.22 net rentable acres, unimproved parcel currently ground-leased to Home Depot U.S.A., Inc. There are 17 years remaining on the lease with 10% rent increases every five years. The lease provides for three fixed 10-year renewal options. Home Depot currently does not have
plans to develop the parcel. The lease is guaranteed by Home Depot U.S.A., Inc., a wholly-owned subsidiary of The Home Depot, Inc. Home Depot U.S.A.
Freeway Visibility
Adjacent Master Planned Business Park featuring office, medical & industrial uses.
Located at the gateway to the City of Moorpark, the subject property features excellent exposure along Highway 23 and Highway 118, two of the area' s dominant traffic arteries with daily traffic counts in excess of 40,000 vehicles. The site is situated adjacent to Moorpark Marketplace,a 358,000-square foot power center anchored by Target,Kohl' s, Smart & Final, Michaels and T.J.Maxx. Other national retailers located in the immediate area include Dick's Sporting Goods, PETCO,
Staples, Famous Footwear, In-N-Out Burger, Del Taco, Panda Express,Baja Fresh, Denny's and Bank of America. The largest employer in Moorpark, Custom Sensors & Technologies, with over 1,200 employees,is also positioned directly across the street. This affluent area
boasts average household incomes in excess of $122,000.
As one of the most desirable communities in Los Angeles, the City of Moorpark is rapidly developing. Over the past ten years, the City' s growth rate was over 19% and is expected to grow by over 17% within the next five years.
Bruce Hamous
Retail Property Advisors
