The Village Retail FOR SALE


Lake Forest, CA
$24,639,000 USD
949-725-8582
, Lake Forest, CA for Sale
$24,639,000 USD
Retail - FOR SALE
1/6
null | 5.4% Cap Rate

The Village
Lake Forest, CA


HIGHLIGHTS

  • Irreplaceable Lake Forest Investment Opportunity – The Village is a ±32,592 SF, 100% occupied retail strip center
  • Strong Historical Occupancy – Six tenants, ±35% of GLA (±11,318 SF) have occupied the center for over 10 years
  • Stable Cash Flow with Exceptional Income Growth – NOI is projected to increase by more than $535,000 (±40%)
  • Complementary Surrounding Retail – Located directly across the street from Foothill Ranch Towne Centre
  • Convenient Access, Significant Frontage – Situated along Towne Centre Dr (±7,000 CPD) and Bake Pkwy (±15,500 CPD)

OVERVIEW

* Irreplaceable Lake Forest Investment Opportunity – The Village is a ±32,592 SF, 100% occupied retail strip center located in the retail and residential focused Foothill Ranch of Lake Forest, featuring a proven, daily needs mix of national and regional tenants all on NNN leases * Benefiting from strong occupancy and complimentary surrounding retail, the property offers stable in-place income and solid long-term growth potential for investors * Strong Historical Occupancy – Six tenants, ±35% of GLA (±11,318 SF) have occupied the center for over 10 years, demonstrating a recession-resistant asset with exceptional tenant commitment to this location * Stable Cash Flow with Exceptional Income Growth – NOI is projected to increase by more than $535,000 (±40%) over the projected 10-year hold period, generating a +3.4% CAGR * Complementary Surrounding Retail – Located directly across the street from Foothill Ranch Towne Centre, anchored by Walmart, Target, Hobby Lobby, PetSmart, and a future Costco, this prime retail site benefits from exceptional visibility, high foot traffic, and strong tenant demand * Convenient Access, Significant Frontage – Situated along Towne Centre Dr (±7,000 CPD) and Bake Pkwy (±15,500 CPD), with direct access to Lake Forest Dr (±18,500 CPD) and the CA 241 Toll Road (±36,500 CPD), driving strong daily exposure and accessibility

ASK ABOUT THIS PROPERTY

Erin SmithCBREMore Info
949-725-8582

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Erin SmithCBREMore Info
949-725-8582

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