Macroeconomically, this property is located in an upscale area in which the residents possess high disposable income and excellent retail demographics.
The existing tenants in the plaza are Montessori School, Mathnasium tutoring, a karate studio, a barre method dance studio and a dry cleaner. The property is directly adjacent to Calabasas High School, home to nearly 2,000 of California’s wealthiest students and families, would be another benefit for a business to be in this location.
This area is home to a highly educated population, with a good percentage of Bachelor’s and Master’s degrees, a high percentage of white collar workers and a high daytime population.
This location has strong retail demographic traits, with the average household income (1 mile) at $200,000 and the average home price (1 mile) of $1,624,500.
-Average household income in the City of Calabasas, with over 23,700 residents, exceeds $180,000, which is among the most affluent groups of residents in the entire state of California
-More than 10,400 people in a one mile radius with an average household income of $176,100
-More than 74,000 people in a three mile radius with an average household income of $140,600
-More than 196,699 people in a five mile radius with an average household income of $119,200
-Average annual consumer spending per household within The City of Calabasas is $151,000
Calabasas, consistently ranked as one of the top ten places in the US to live for years, is also one of the wealthiest and most desirable areas in Southern California, with most single family homes starting at nearly $1,000,000 in price.
The plaza is highly visible with unobstructed store signs and monument signage opportunities, and easy ingress/egress. The site, facility and tenant space are ADA compliant.
