4 Wheel Parts

Ventura, CA
This listing is no longer available.
This listing is currently in escrow.


Sold November 2022

Sale Price: $4,200,000

Cap Rate: 5.38%

Represented: Buyer (Sept 2022) & Seller (Nov 2022)

Location: Ventura, CA


  • Helped client aquire this former Sears Auto building and the former Sears at Pacific View Mall, in September 2022
  • During escrow, our Buyer was able to secure 4 Wheel Parts, on a new 10 year lease, which we then re-sold for him 2 months later
  • Located Buyer the first week of marketing
  • Multiple backup offers



- Brand new, absolute net-leased (zero landlord responsibilities) long-term 10 year - Ideal 1031 exchange opportunity

- Corporate lease with Strong/National Tenant - 4 Wheel Parts is a leader in automotive parts and accessories with over 94 locations across North America

- Below market rent - Allowing for future upside by increasing rent or converting the existing structure into a multi-tenant building

- Ideal Southern California location in Ventura, CA - The property is situated directly as an outparcel to Pacific View Mall

- Excellent street frontage and visibility along Telegraph Rd (18,700 VPD), with easy access from US 101 (131,400 VPD)

- Pacific View Mall Location - Other notable tenants at Pacific View Mall include: Target, Trader Joes, JCPenny, Macy’s, 24 Hour Fitness, BevMo, Staples, etc. 

- Affluent / Strong Demographics - There are over 125,000 people living within a 5 mile radius, with an average household income over $106,700

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