San Clemente Coastal Retail with Excess Land for Development
Retail | 3.34% CAP | 3,584 SqFt
Marketing description
Sheila Alimadadian Retail Group of Marcus & Millichap is pleased to present the opportunity to acquire 201-207 North El Camino Real, a rare multi-tenant coastal retail property located in one of Southern California's most desirable beach communities. Positioned at the prominent intersection of North El Camino Real and Calle Cabrillo, the property benefits from dual frontage, strong visibility, excellent ingress and egress, affluent coastal demographics, tourism-driven traffic, and limited competing commercial supply.
The property is occupied by an established mix of local and lifestyle-oriented tenants that align with San Clemente's coastal character. Tenants include Rocco's Restaurant, which has operated at the property since 2010; Moda Marble, serving the San Clemente market since 2011 and operating at the property since 2023; and Severson Originals Apparel, a recognized coastal apparel brand operating at the property since 2023. This complementary tenant mix supports the property's long-term market positioning and enhances its appeal within the surrounding retail corridor.
Situated within one of San Clemente's established coastal commercial corridors, the asset offers close proximity to downtown San Clemente and is surrounded by popular restaurants, boutiques, lifestyle retailers, and neighborhood-serving amenities. Its walkable coastal setting further strengthens the property's ability to attract both local residents and visitors while reinforcing long-term tenant desirability.
In addition to stable in-place occupancy, the offering is further distinguished by a valuable land component, including excess land along Avenida De La Estrella. This creates potential for future development, expansion, repositioning, or possible mixed-use redevelopment, allowing investors to unlock additional value over time.
Within a highly supply-constrained coastal market characterized by stringent coastal regulations, limited land availability, high barriers to entry, 201-207 North El Camino Real represents a scarce and strategic investment opportunity with long-term value appreciation potential.
Investment highlights
Asset Overview
- Prominent corner location at the intersection of El Camino Real and Calle Cabrillo
- Multi-tenant retail asset situated within one of coastal Orange County's most vibrant and walkable retail and dining corridors
- Strong visibility and accessibility with immediate proximity to Interstate 5 and Downtown San Clemente
Tenancy & Stability
- Established tenant mix with deep roots in the local market, demonstrating sustained demand and long-term stability
- Rocco's Restaurant has maintained continuous operations at the property since 2010
- Moda Marble has served the San Clemente community since 2011
Market & Location Fundamentals
- Significant barriers to entry inherent to coastal Orange County
- Constrained commercial inventory with limited prospects for future supply
- Affluent surrounding demographics and consistent tourism-driven foot traffic underpin long-term asset performance
Value-Add & Redevelopment Potential
- El Camino Real frontage presents compelling optionality for future investors
- Potential for value-add repositioning, mixed-use development, or land intensification as the corridor continues to evolve
Ideal Buyer Profile
- Well-suited for private capital, 1031 exchange buyers, owner-users, and opportunistic developers
- Rare opportunity to establish a foothold in one of Southern California's most supply-constrained coastal markets
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