Roxy Cinema | Camarillo, CA
Sands Investment Group, in Partnership With Radius Group, is Pleased to Exclusively Offer For Sale the 40,598 SF Roxy Cinema NNN Asset Located at 5001 Verdugo Way in Camarillo, CA. The Lease Includes 5.5 Years of Term Remaining With Three 5-Year Renewal Options, Demonstrating the Tenant’s Commitment to the Location. The Lease Features a 12% Percentage Rent Based on Box Office Sales, Creating Upside Potential Tied to the Theatre’s Performance, Providing For a Secured Investment.
5.5 Years Remaining on NNN Lease | 12% Percentage Rent of Box Office Sales | Luxury Theatre With Recent Renovations
- Prime Ventura County Location: Situated at 5001 Verdugo Way in Camarillo, CA, This Roxy Stadium 11 Theatre Enjoys a Strategic Location in Ventura County, a Highly Desirable Market With Strong Demographics; The Property Benefits From Excellent Visibility and Accessibility, Drawing a Consistent Flow of Patrons From the Surrounding Affluent Area
- Luxuriously Renovated Property: The 40,598 Square-Foot Building Underwent a $1.8 Million Renovation in 2015, Transforming it Into a Luxury Theatre Format: Major Upgrades Included New Seating Configurations. State-of-the-Art Screens, Enhanced Sound Systems and Premium Furnishings; These Enhancements Provide a Competitive Advantage, Attracting Moviegoers With a Superior Entertainment Experience
Strong Lease Terms With Income Growth Potential:
- The Lease Includes 5.5 Years of Term Remaining With Three 5-Year Renewal Options, Demonstrating the Tenant’s Commitment to the Location
- 8% Rent Increases Every 5-Years Provide Steady NOI Growth, Offering a Hedge Against Inflation
- The Lease Also Features a 12% Percentage Rent Based on Box Office Sales, Creating Upside Potential Tied to the Theatre’s Performance
- Established Tenant With Proven Success: The Roxy Stadium 11 Opened in 2004 and Has Been a Staple in the Camarillo Community For Over 20 Years, Consistently Delivering Strong Box Office Performance: The Combination of Luxury Amenities and a Loyal Customer Base Ensures the Property’s Ongoing Success, Making it an Attractive and Reliable Investment Opportunity
Positioned in a Thriving Commercial Hub:
- The Property is Surrounded By Complementary Retail, Dining and Entertainment Options, Enhancing Its Visibility and Drawing Consistent Traffic
- Nearby National and Regional Tenants, Including Target, Trader Joe’s and Home Depot, Further Bolster the Property’s Location as Part of a Vibrant Retail and Entertainment Corridor
Strong Demographics in Affluent Trade Area:
- The Property is Located in a Densely Populated Area With Over 120,000 Residents Within a 5-Mile Radius and an Average Household Income Exceeding $110,000
- Ventura County’s Strong Economic Base and Affluent Population Support Sustained Customer Demand For High-Quality Entertainment Options
- Proven Business Model in a Recession-Resilient Industry: With Its Luxury Format and Enhanced Amenities, Roxy Stadium 11 Caters to Moviegoers Seeking Premium Entertainment Experiences; The Ongoing Demand For Theatres in High-Density. Affluent Markets Ensures Reliable Tenant Performance. Even in Challenging Economic Cycles
In Cooperation With Sands Investment Group, Inc – Lic. #1768950
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