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28311-28321 Marguerite Pky
Mission Viejo, CA 92692
The Shops at LOCAL | Mission Viejo, CA · Retail Property For Sale
Investment Highlights
- ?Situated in Mission Viejo, within one of Orange County's most affluent and supply-constrained retail corridors.
- ?Approximately 81% national and regional tenants, including Sleep Number (NYSE: SNBR), Walgreens, and Pure Barre (NYSE: XPOF).
- ?Adjacent to The Shops at Mission Viejo, drawing approximately 5.4 million annual visits (per Placer.ai).
- ?5-mile trade area encompasses more than 289,000 residents, supported by average household incomes of $191,000 within 3 miles.
- ?Recent long-term lease executions have extended the WALT to 6.5 years, supporting stable cash flow and mitigating near-term rollover exposure.
- ?Located along Marguerite Parkway, less than half a mile from The Shops at Mission Viejo.
Executive Summary
"LOCAL" in Mission Viejo, is a high-end, lifestyle-oriented retail center recently rebranded and renovated to cater to the affluent demographics of South Orange County.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,036 SF
Building Class
B
Year Built
1980
Price
$16,250,491 CAD
Price Per SF
$1,080.77 CAD
Cap Rate
5.75%
NOI
$934,403 CAD
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 740-016-04 | Improvements Assessment | $3,488,719 CAD |
| Land Assessment | $1,928,232 CAD | Total Assessment | $5,416,951 CAD |
Property Taxes
Parcel Number
740-016-04
Land Assessment
$1,928,232 CAD
Improvements Assessment
$3,488,719 CAD
Total Assessment
$5,416,951 CAD
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