31911-31991 Dove Canyon Dr - Storefront FOR SALE


Rancho Santa Margarita, CA 92688
$28,986,000 USD
855-948-0558
31911-31991 Dove Canyon Dr, Rancho Santa Margarita, CA for Sale
$28,986,000 USD
Storefront - FOR SALE
1/9
null | 6.73% Cap Rate

31911-31991 Dove Canyon Dr
Rancho Santa Margarita, CA 92688


HIGHLIGHTS

  • Diverse Tenant Lineup | 74% of GLA Leased Over the Past 3 Years Anchored by Hoag, Goddard School, Mariners Church | NNN Leases
  • Generational Retail Opportunity | Irreplaceable Location | High Barriers to Entry | South Orange County
  • Direct Residential Consumer Base From Which to Draw |Coto de Caza (4,000 Homes) | Dove Canyon (1,200 Homes)
  • Signalized, Hard Corner Intersection | Highway 241 (43,000 VPD) | Santa Margarita High School (Top 20% of CA Private Schools)
  • Strong Demographics in 5-Mile Trade Area | Affluent Incomes

OVERVIEW

SRS Capital Markets is pleased to present the exclusive opportunity to acquire Dove Canyon Plaza, a 65,677 SF anchored retail center situated at the gateway to two of South Orange County’s most coveted gated communities — Dove Canyon and Coto de Caza. This fee simple offering represents a rare chance to own institutionally positioned retail real estate in a submarket defined by extreme wealth concentration, physical land constraints, and virtually zero new commercial supply. In addition, Dove Canyon Plaza has recently undergone comprehensive capital improvements including full exterior repainting and parking lot restriping, and the property presents in institutional condition. The weighted average lease term of 7.0 years, combined with the fact that nearly three-quarters of occupied GLA has been committed to within the past three years, reflects a tenant base actively choosing this location, not one holding over from prior cycles.

FOR SALE DETAILS

PRICE

$28,986,000 USD

PRICE/SF

$441 USD /SF

CAP RATE

6.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dove Canyon Plaza | NNN Leases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Department Store

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

293

LAND DETAILS

LAND ACRES

8.99 AC

LAND SF

391,604 SF

ZONING

CN

APN/PARCEL ID

804-542-26

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
855-948-0558

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John RedfieldSRS Real Estate PartnersMore Info
855-948-0558

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.