23166 Los Alisos Blvd Mission Viejo, CA 92691

Oaktree Village, a 78,564 square foot, three-building shopping center in Mission Viejo, CA (92691), presents a compelling value-add opportunity. This grocery-anchored center boasts a 79.94% occupancy and a strong NOI of $1,686,696. The property features a 28,888 square foot Mission Ranch Market, a successful local supermarket operating for 20 years, along with a diverse mix of tenants offering synergistic uses including fashion, dining, fitness, health and beauty, and services. Located on Los Alisos Blvd, a major thoroughfare with high visibility and convenient access to Interstate 5, the center benefits from three points of ingress and egress, including a signalized intersection. The property is situated within a highly desirable, affluent master-planned community, drawing from a large population (154,545 within a 3-mile radius) with a high average household income ($141,164). The property's location within Mission Viejo, a city known for its strong schools and low crime rates, offers high barriers to entry due to limited commercially zoned land. A significant value-add opportunity exists through leasing the underutilized second-story office space, with projections indicating a 62.27% NOI increase over ten years. The property is a two-story structure with a NNN lease type and is not subject to a ground lease. This is a rare opportunity to acquire a premier retail asset in a prime South Orange County location, near major national retailers such as Target, Home Depot, Trader Joe's, and others.