Rhino Investments Group, a commercial real estate investment firm specializing in value-add and necessity-based retail assets, announced today the acquisition of Pleasant Valley Plaza, a grocery-anchored neighborhood shopping center located in Oxnard, California. The acquisition closed on December 30, 2025.
Pleasant Valley Plaza is an approximately 81,128-square-foot retail center situated on 7.93 acres at the signalized intersection of Pleasant Valley Road and Saviers Road, a corridor with approximately 38,000 vehicles per day. The property is currently 95 percent occupied and anchored by La Plaza Meat Market, a regional Hispanic grocer operating 10 locations, which recently executed a new 10-year lease in 2025.
The center features a long-tenured tenant base, with approximately 70 percent of shop tenants operating at the property since at least 2018.
In addition, Pleasant Valley Plaza offers future value-creation opportunities, including the potential development of up to three single-tenant outparcels, supported by an 8.38 parking ratio per 1,000 square feet and a large, contiguous site configuration. The property was acquired below replacement cost, providing an attractive basis in a supply-constrained coastal California market.
The surrounding trade area is characterised by strong demographics and economic drivers, including an affluent Hispanic population, proximity to the Port of Hueneme, and Naval Base Ventura County, which collectively support tens of thousands of jobs and billions of dollars in annual regional economic activity.
“This acquisition aligns directly with our strategy of investing in necessity-based, grocery-anchored retail centers with strong tenancy, embedded growth, and long-term relevance within their communities,” said Sanjiv Chopra, CEO of Rhino Investments Group. “Pleasant Valley Plaza combines stable current income with multiple avenues for future upside in a high-barrier Southern California coastal market.”
Rhino Investments Group plans to operate and evaluate strategic leasing and development opportunities that enhance cash flow and community utility.
About Rhino Investments Group
For more information, visit www.rhinoig.com.
