28311 Marguerite Pkwy, Mission Viejo, CA 92692

Premier South Orange County Retail Center

• Situated in Mission Viejo, within one of Orange County's most affluent and supply-constrained retail corridors.
• 5-mile trade area encompasses more than 289,000 residents, supported by average household incomes of $191,000 within 3 miles.
• Rancho Mission Viejo adds ~9,000 existing homes, 1,000 under construction, and a long-term master plan totaling 14,000 units — particularly supportive of furniture and home-oriented retail demand.

Institutional-Grade Tenant Mix with Long-Term Leases

• Approximately 81% national and regional tenants, including Sleep Number (NYSE: SNBR), Walgreens, and Pure Barre (NYSE: XPOF).
• Recent long-term lease executions have extended the WALT to 6.5 years, supporting stable cash flow and mitigating near-term rollover exposure.

Immediate Proximity to South Orange County's Dominant Regional Mall

• Adjacent to The Shops at Mission Viejo, drawing approximately 5.4 million annual visits (per Placer.ai).
• Mall anchored by Nordstrom, Macy's, Dick's Sporting Goods, Round1, Pottery Barn, Williams Sonoma, LoveSac Furniture, Tommy Bahama, lululemon, Sephora, and Tesla.
• Substantial redevelopment initiative introducing an outdoor village concept with open-air dining and landscaped gathering areas, scheduled for completion ahead of the 2026 holiday season.

Strategic Access Along Marguerite Parkway; Easily Accessible from I-5 and 73 Toll Road

• Located along Marguerite Parkway, less than half a mile from The Shops at Mission Viejo.
• Convenient access to both I-5 Freeway and the 73 Toll Road, capturing traffic from across South Orange County.
• Nearest competing concentration of furniture retailers is located in Irvine, reinforcing the site's regional positioning.

Exceptional Visibility with Freeway Signage

• Approximately 500 linear feet of freeway-oriented signage along the I-5 Freeway, complemented by frontage along Marguerite Parkway.
• Highly visible monument sign just south of the Crown Valley Parkway exit further enhances brand presence and tenant visibility to passing traffic.

Thoughtfully Curated Tenant Mix Encouraging Cross-Shopping

• Complementary mix of home furnishings, service-oriented retailers, and wellness concepts creates a cohesive retail environment encouraging longer shopping visits and repeat traffic.
• Ferguson Home, Joybird, Terra Outdoor Living, Pure Green, and Starbucks are located within the center but excluded from the offering, driving consistent daily visitation and diversifying income drivers.

Stabilized Asset with Limited Near-Term Capital Exposure

• Comprehensive exterior renovation completed in 2022 modernized the center's appearance, enhanced tenant appeal, and reduced near-term capital expenditure risk.
• Positioned as a stabilized, turnkey investment with predictable operating performance.

Parcel Configuration Provides Monetization Flexibility

• Asset currently divided into two separate parcels, offering future optionality for investors.
• Allows for potential disposition of an individual parcel (such as an anchor or the two-story building) at a lower capitalization rate — an opportunity to reduce overall basis or generate partial liquidity while retaining the remainder of the investment.