Listed by Hanley Investment Group
Unpriced
Laguna Niguel Plaza | Laguna Niguel, CA
Details
APN 656-241-07; 656-241-12; 656-241-14; 656-241-16
Property Type Retail
Sub Type QSR/Fast Food, Pharmacy/Drug
Net Rentable (SqFt) 41,943
NOI $1,447,924
Occupancy 100%
Tenancy Multi
Brand/Tenant CVS Pharmacy, Starbucks
Broker Co-Op True
Year Built 1985
Acreage 4.810
Ground Lease No
Albertsons Shadow & CVS Anchored; 4.24% CAGR; South Orange County
Marketing description
- Shadow-Anchored by Albertsons (NYSE: ACI)
- Anchored by CVS Pharmacy (NYSE: CVS; S&P: BBB; Investment Grade)
- Successfully operated at the center since 1996 (30 years)
- Executed a lease extension in 2026
- Below-market rent; no remaining options provide near-term mark-to-market upside upon expiration
- Long-Term, Weighted-Average Tenant Operating History of 21 Years Reflects Proven Success and Minimal Turnover Risk
- Below-Market Rent and Contractual Rent Growth Provides Upside and Inflation Hedge; 4.24% CAGR
- Densely Populated and Affluent South Orange County Submarket; 233,000 Residents within a 5-Mile Radius and an Average Household Income of $200,000 within a 1-Mile Radius
- Immediately Adjacent to Downtown Laguna Niguel and the New $260M Laguna Niguel City Center Project: The subject property sits at the doorstep of the City's civic core, directly across Alicia Parkway from Laguna Niguel City Hall and the future Laguna Niguel City Center, a transformational 25-acre mixed-use redevelopment scheduled to break ground in Spring 2027
- The development will further establish Laguna Niguel Plaza as the premier daily-needs retail center immediately adjacent to the new walkable downtown destination, which will drive increased customer trips and capture additional spending power from the new residential units
- Approved program includes 275 luxury apartment units, approximately 175,000 SF of new retail, restaurant, and office space, a new County of Orange Public Library, and community gathering spaces
Investment highlights
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/LagunaNiguelPlaza
Listing Contacts
Listed by Hanley Investment Group
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1,447,924.00
$120,660.33/mo
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