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29813389
29813390

28321 Marguerite Pkwy, Mission Viejo, CA 92691

KF
CA 01321833
Hanley Investment Group
EH
CA 01118569, UT 6852447-CN00
Hanley Investment Group
Listed by Hanley Investment Group
$29,820,000
107 days on market
Updated 1 day ago

LOCAL | Mission Viejo, CA

Details
APN 740-016-03, 740-016-04
Property Type Retail
Sub Type Shopping Center
Square Footage 46,244
Net Rentable (SqFt) 46,244
Cap Rate 6.00%
NOI $1,781,204
Occupancy 98%
Price per SqFt $645
Broker Co-Op Yes
Year Built 1980
Year Renovated 2006
Buildings 2
Stories 2
Acreage 4.170
Ground Lease No

"LOCAL" in Mission Viejo, is a high-end, recently renovated, lifestyle-oriented retail center

Marketing description

CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/LOCAL_MissionViejoCA

Investment highlights

  1. High-End, Lifestyle-Oriented Retail Center recently rebranded and renovated to cater to the affluent demographics of South Orange County

  2. 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

  3. 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

  4. 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

  5. Strategic Access Along Marguerite Parkway

    • Excellent connectivity and visibility

  6. 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

  7. 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

Listing Contacts

KF
CA 01321833
Hanley Investment Group
EH
CA 01118569, UT 6852447-CN00
Hanley Investment Group
Listed by Hanley Investment Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$1,781,204.00
$148,433.67/mo

Valuation Metrics

0
DSCR
5.97%
Cap Rate
5.97%
ROI

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