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Marketplace at Mission Foothills 2 Retail Properties Offered at $7,246,444 CAD in Mission Viejo, CA
Investment Highlights
- Quintessential Retail Strip Center - a ±19,135 SF neighborhood strip center with a complementary mix of food, beverage, fitness, and service tenants
- Strong Leasing Momentum – In 2025 alone, 46% of the GLA was leased to new tenants
- Significant Frontage with Convenient Accessibility to Route 241 – Benefits from excellent visibility w/ ±725 feet of frontage along Los Alisos Blvd
- Immediate Leasing Upside – At 68% occupancy, 6,069 SF is available for lease-up, providing an immediate opportunity to add value & increase NOI
- Significant Income Growth – Through lease-up, scheduled rental increases, & rolling below-market rents to market, NOI is projected to increase 133%+
Executive Summary
* 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.
* 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).
* 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.
* 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).
* 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.
Property Facts
| Price | $7,246,444 CAD | Number of Properties | 2 |
| Price / SF | $378.07 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 4.15% | Total Building Size | 19,167 SF |
| Sale Type | Investment | Total Land Area | 3.02 AC |
| Status | Active |
| Price | $7,246,444 CAD |
| Price / SF | $378.07 CAD / SF |
| Cap Rate | 4.15% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 19,167 SF |
| Total Land Area | 3.02 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 28715 Los Alisos Blvd, Mission Viejo, CA 92692 | Retail | 11,375 SF | 1960 | - |
| 28815 Los Alisos Blvd, Mission Viejo, CA 92692 | Retail | 7,792 SF | 1996 | - |
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