28331-28371 Marguerite Pky - Storefront FOR SALE
Mission Viejo, CA 92692 |
$19,240,000 USD
844-585-7674
28331-28371 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, with average household incomes of $191,000 within 3 miles.
- ?Rancho Mission Viejo adds ~9,000 existing homes, 1,000 under construction, and a long-term master plan totaling 14,000 units
- Features nationally and regionally recognized retailers including Ferguson Home (NYSE: FERG; LSE: FERG), Joybird (NYSE: LZB), and Terra Outdoor Living
- ?Recent long-term lease executions have extended the WALT to 7.4 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).
FOR SALE DETAILS
PRICE
$19,240,000 USD
PRICE/SF
$416 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Anchors at LOCAL | Mission Viejo, CA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
740-016-02,740-016-03
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
844-585-7674
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
844-585-7674
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
