LOCAL | Mission Viejo, CA
"LOCAL" in Mission Viejo, is a high-end, recently renovated, lifestyle-oriented retail center
Marketing description
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Investment highlights
High-End, Lifestyle-Oriented Retail Center recently rebranded and renovated to cater to the affluent demographics of South Orange County
Premier South Orange County Retail Center
Located within one of Orange County’s most affluent and supply-constrained retail corridors
More than 289,000 residents within 5 miles
Average Household Income of $191,000 within 3 miles
Residential growth at Rancho Mission Viejo with a long-term master plan totaling 14,000 units at full buildout
Institutional-Grade Tenant Mix with Long-Term Leases
High-quality roster of nationally and regionally recognized retailers
Anchors and major tenants include Ferguson Home (NYSE: FERG), Joybird (NYSE: LZB), Terra Outdoor Living, Sleep Number (NYSE: SNBR), Walgreens, and Pure Barre (NYSE: XPOF)
Recent long-term lease executions have extended WALT to 7.0 years
Immediate Proximity to South Orange County’s Dominant Regional Mall
Adjacent to The Shops at Mission Viejo (~5.4 million annual visits)
Mall anchors include Nordstrom, Macy’s, Dick’s Sporting Goods, Round1, Pottery Barn, Williams Sonoma, LoveSac Furniture, Tommy Bahama, lululemon, Sephora, and Tesla
Strategic Access Along Marguerite Parkway
Excellent connectivity and visibility
Accessible from I-5 and 73 Toll Road with Exceptional Visibility
Approximately 500 linear feet of freeway-oriented signage
Direct access to I-5 Freeway and 73 Toll Road
Thoughtfully Curated Tenant Mix Encouraging Cross-Shopping
Complementary mix of home furnishings, service-oriented retailers, and wellness concepts
Designed to drive longer shopping visits and repeat customer traffic
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