28311-28321 Marguerite Pky - Storefront FOR SALE
Mission Viejo, CA 92692 |
$11,820,000 USD
844-585-7674
28311-28321 Marguerite Pky
Mission Viejo, CA 92692
HIGHLIGHTS
- ?Situated in Mission Viejo, within one of Orange County's most affluent and supply-constrained retail corridors.
- ?5-mile trade area encompasses more than 289,000 residents, supported by average household incomes of $191,000 within 3 miles.
- ?Approximately 81% national and regional tenants, including Sleep Number (NYSE: SNBR), Walgreens, and Pure Barre (NYSE: XPOF).
- ?Recent long-term lease executions have extended the WALT to 6.5 years, supporting stable cash flow and mitigating near-term rollover exposure.
- ?Adjacent to The Shops at Mission Viejo, drawing approximately 5.4 million annual visits (per Placer.ai).
- ?Located along Marguerite Parkway, less than half a mile from The Shops at Mission Viejo.
FOR SALE DETAILS
PRICE
$11,820,000 USD
PRICE/SF
$739 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Shops at LOCAL | Mission Viejo, CA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
740-016-04
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844-585-7674
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844-585-7674
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