Marketplace at Mission Foothills Retail FOR SALE


Mission Viejo, CA
$5,235,000 USD
949-725-8473
, Mission Viejo, CA for Sale
$5,235,000 USD
Retail - FOR SALE
1/5
null | 4.15% Cap Rate

Marketplace at Mission Foothills
Mission Viejo, CA


HIGHLIGHTS

  • Quintessential Retail Strip Center - a ±19,135 SF neighborhood strip center with a complementary mix of food, beverage, fitness, and service tenants
  • Immediate Leasing Upside – At 68% occupancy, 6,069 SF is available for lease-up, providing an immediate opportunity to add value & increase NOI
  • Strong Leasing Momentum – In 2025 alone, 46% of the GLA was leased to new tenants
  • Significant Income Growth – Through lease-up, scheduled rental increases, & rolling below-market rents to market, NOI is projected to increase 133%+
  • Significant Frontage with Convenient Accessibility to Route 241 – Benefits from excellent visibility w/ ±725 feet of frontage along Los Alisos Blvd

OVERVIEW

* 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.

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949-725-8473

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949-725-8473

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