27525 Puerta RealMission Viejo, CA 92691

Property Details for 27525 Puerta Real

Lot size

6.02 AC

Property size (Sq ft)

61,034 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

Puerta Real Plaza, a 61,034 square foot shopping center in Mission Viejo, CA (92691), presents a compelling value-add investment opportunity. Strategically located at the Crown Valley Parkway and Interstate 5 interchange, this multi-tenant property boasts a 90% occupancy rate and features a strong tenant roster including Target, Bank of America, and The UPS Store. The property benefits from a Target anchor, a significant asset given that over 80% of US Target stores are owner-occupied or ground-leased. This provides exceptional stability and draws significant foot traffic, expanding the center's trade area. The existing tenant mix includes both national brands and a well-established local tavern, demonstrating resilience to online competition. The 6.02-acre lot offers potential for lease-up strategies or more aggressive pad redevelopment, providing significant upside potential. Renovated in 2018, the property operates under a NNN lease structure with credit-rated tenants. This prime location in affluent Orange County, coupled with the Target anchor and the potential for growth, makes Puerta Real Plaza a rare and highly desirable retail investment. The property is for sale by owner.

Location Insight

City

Mission Viejo

County

Orange

State

California

Latitude

33.5626

Longitude

-117.671

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