Marketplace at Mission Foothills
Retail | 4.15% CAP | 19,135 SqFt
Marketing description
Marketplace at Mission Foothills is a ±19,135 SF neighborhood strip center with a complementary mix of food, beverage, fitness, and service tenants oriented towards south Orange County's family oriented and master planned footprint. At 68% current occupancy, 6,069 SF is available for lease-up, providing an immediate opportunity to add value and increase NOI. In 2025 alone, 46% of the GLA was leased to new tenants – Playhub (6,500 SF) and U.M. Salon (2,275 SF) – demonstrating strong tenant demand and validating the center's continued viability.
The property benefits from excellent visibility with ±725 feet of frontage along Los Alisos Blvd (±9,500 CPD) and convenient access to State Route 241 (±43,000 CPD), Mission Viejo's primary toll road connecting Las Flores to the Irvine Foothills. The trade area is topographically restricted by Trabuco Canyon – part of the greater Saddleback Mountains – and densely populated, creating high barriers to entry that support the center's long-term growth and success.
Mission Viejo benefits from Orange County's diverse economy, master-planned communities, and exceptional quality of life. The city is home to a well-educated, high-income population and is known for strong public schools, low crime rates, and a stable, family-oriented residential environment, consistently ranking among the most desirable markets in South Orange County.
Investment highlights
- Immediate Leasing Upside – At 68% current occupancy, 6,069 SF is available for lease-up, providing an immediate opportunity to add value and increase NOI.
- Strong Leasing Momentum – In 2025 alone, 46% of the GLA was leased to new tenants – Playhub (6,500 SF) and U.M. Salon (2,275 SF) – demonstrating strong tenant demand and validating the center's continued viability.
- Significant Income Growth – Through lease-up, scheduled rental increases, and rolling below-market rents to market, the NOI is projected to increase more than $288,000 (133%) upon stabilization and $425,000 (196%) over the anticipated hold period with a 12% compound annual growth rate (CAGR).
- Quintessential Retail Strip Center – Marketplace at Mission Foothills is a ±19,135 SF neighborhood strip center with a complementary mix of food, beverage, fitness, and service tenants oriented towards south Orange County's family oriented and master planned footprint.
- Established Restaurant Co-Tenants – Piccolino Ristorante and BallPark Pizza Team, both located within the property but not a part of the offering, are established community staples with a strong and loyal following from the surrounding area
- Significant Frontage with Convenient Accessibility to State Route 241 – Benefits from excellent visibility with ±725 feet of frontage along Los Alisos Blvd (±9,500 CPD) and convenient access to State Route 241 (±43,000 CPD), Mission Viejo's primary toll road connecting Las Flores to the Irvine Foothills.
- High Barriers to Entry – The trade area is topographically restricted by Trabuco Canyon – part of the greater Saddleback Mountains – and densely populated, creating high barriers to entry that support the center's long-term growth and success. The property is located steps from 105 new multi-family units at Neo at Mission Foothills, providing a built-in customer base and supporting daily-needs driven foot traffic.
- Residential Redevelopment Potential – With entitlements in place for retail/commercial and multifamily apartment uses, Marketplace at Mission Foothills offers a future owner compelling optionality to redevelop beyond its strong in-place retail cash flow into residential or mixed-use, capitalizing on California's pro-housing entitlement environment and south Orange County's land-constrained, supply-restricted submarket.
- Affluent South Orange County Demographics – Mission Viejo benefits from Orange County's diverse economy, master-planned communities, and exceptional quality of life. The city is home to a well-educated, high-income population and is known for strong public schools, low crime rates, and a stable, family-oriented residential environment, consistently ranking among the most desirable markets in South Orange County.
- More than 19,175 people in a 1-mile radius, with an Average Household Income exceeding $176,048
- More than 113,382 people in a 3-mile radius, with an Average Household Income exceeding $180,382
- More than 230,655 people in a 5-mile radius, with an Average Household Income exceeding $189,088
- Proximity to Residential Density – Mission Foothills Marketplace benefits from over 42,600 homes within 3 miles of the site and average home value in the area exceeding $1,229,000.
- Superior Income Growth – Relative to grocery-anchored and power/box-oriented retail peers, Marketplace at Mission Foothills delivers exceptional income growth from an irreplaceable asset.
- Delivered Debt Free – Delivered free and clear of any existing financing, providing an opportunity to purchase all cash or with new financing.
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