Roxy Cinema – Camarillo, CA

Roxy Cinema
5001 Verdugo Way, Camarillo, CA 93012, USA

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 4+ 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, ensuring a reliable investment.

4+ 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. This positioning supports stable foot traffic and long-term demand.
  • Luxuriously Renovated Property: The 40,598 square-foot building underwent a $1.8 million renovation in 2020, 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 and attract moviegoers seeking a superior entertainment experience.

Strong Lease Terms With Income Growth Potential:

  • Lease Structure and Term: The lease includes 4 years of term remaining with 3 five-year renewal options, demonstrating the tenant’s long-term commitment to the location. This structure provides stability and predictable occupancy for the owner.
  • Built-In Rent Growth: 8% rent increases every 5 years provide steady NOI growth and offer a meaningful hedge against inflation. These scheduled escalations support long-term income appreciation.
  • Percentage Rent Upside: The lease also features a 12% rent based on box office sales, creating upside potential tied directly to the theatre’s performance. This provision allows ownership to benefit from strong operating results.
  • 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 supports ongoing success. This history makes the property an attractive and reliable investment opportunity.

Positioned in a Thriving Commercial Hub:

  • Strong Surrounding Retail and Amenities: The property is surrounded by complementary retail, dining, and entertainment options that enhance visibility and drive consistent traffic. This synergy strengthens the site’s appeal as a destination for both local residents and visitors.
  • Presence of National and Regional Tenants: Nearby national and regional tenants, including Target, Trader Joe’s, and Home Depot, further bolster the property’s location within a vibrant retail and entertainment corridor. These anchors contribute to sustained consumer activity and long-term market strength.

Strong Demographics in Affluent Trade Area:

  • Dense and Affluent Trade Area: The property is located in a densely populated area with over 120,000 residents within a five-mile radius and an average household income exceeding $110,000. These demographics provide a strong foundation for consistent customer demand.
  • Supportive Economic Environment: Ventura County’s strong economic base and affluent population support sustained demand for high-quality entertainment options. This stability enhances the long-term viability of the location.
  • Proven and Recession-Resilient Business Model: 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 supports reliable tenant performance. This resilience remains evident even during challenging economic cycles.

In Cooperation With Sands Investment Group, Inc – Lic. #1768950

Roxy Cinema
5001 Verdugo Way, Camarillo, CA 93012, USA

Roxy Cinema

Roxy Stadium 11 is a premium movie theatre located at 5001 Verdugo Way in Camarillo, CA, and has been in operation at this location since 2005. Roxy Stadium 11 features state-of-the-art picture and digital sound presentations and giant auditoriums with wall-to-wall screens. The theatre is operated by Santa Rosa Entertainment Group, which operates 11 multi-screen cinemas throughout the Bay Area, Central Valley, and Southern California, and has been successfully operating theatres in California since 1972.

 

Price

$11,200,000

Cap Rate

7.00%

PREMISES

40,598 SF

RENEWAL OPTIONS

3 x 5 Years

Lease Expiration

08/22/2030

Lease Type

NNN

RENTAL INCREASES

8% Every 5 Years

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