College Park Shopping Center

Highlights:

• Stable Anchor, Re-tenanting Upside – Island Pacific draws consistent traffic; smaller suites offer upside through re-tenanting at market rents.
• Curb Appeal Improvements – Modest capex in façade, lighting, signage, and parking can enhance rent potential and tenant quality.
• Repositioning / Pad Potential – Large lot and flexible zoning may allow for pad site additions, drive-thru, or redevelopment (subject to city approval).
• Tax-Efficient Equity – Opportunity Zone status provides a unique structure for tax-advantaged appreciation and long-term returns.

Description:

Marcus & Millichap is pleased to present College Park Shopping Center, a ±53,321-square-foot neighborhood shopping center situated on 5.27 acres at 4751–4815 South Rose Avenue in Oxnard, California. The property occupies a highly visible signalized corner at South Rose Avenue and East Pleasant Valley Boulevard, with combined traffic counts exceeding 32,000 vehicles per day in the heart of Ventura County’s Oxnard sub market.

Tenant Mix & Anchors
College Park Shopping Center features a diverse mix of stable, long-term tenants serving the surrounding residential community. The center is anchored by Island Pacific Supermarket (44% of GLA) and Dollar Tree (29% of GLA), combining for 73% of total occupancy.

• Island Pacific Supermarket is a Filipino/Asian grocery chain headquartered in Walnut, California, operating 17 locations across California and Nevada. The chain specializes in fresh seafood, meats, produce, and grocery products with a focus on Filipino and Asian cuisine.

Site Features & Development Potential
The center offers excellent parking with 342 spaces (a ratio of 6.41 per 1,000 SF), strong visibility, and dual frontage—approximately 495 feet along East Pleasant Valley Boulevard and 300 feet along South Rose Avenue.

With a large underlying parcel and Opportunity Zone designation, there is potential to develop up to 10,000 additional square feet of retail space.

Demographics & Surroundings
Located just 0.6 miles from Oxnard College, a public community college offering over 20 degree and certificate programs, the center is surrounded by dense residential neighborhoods:
• 1-Mile Radius: 8,886 households | 42,058 residents
• 3-Mile Radius: 62,543 households | 171,639 residents

The property sits 3.5 miles from the Port Hueneme Naval Base, Ventura County’s largest employer with more than 19,000 personnel, and approximately 7.5 miles from U.S. 101 (Ventura Freeway).

Retail Synergy
Home to 14 tenants, the center’s tenant mix includes essential neighborhood services such as a hair salon, coin laundry, bakery, liquor store, and shoe shop. The average shop size (excluding anchors) is ±1,655 square feet, providing flexible, easily leasable suites with minimal turnover costs.

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