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Plaza Empresa Commercial Center Portion

29911 Aventura Rancho Santa Margarita, CA 92688

29911 Aventura, Rancho Santa Margarita, CA, 92688
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NNN leased commercial center portion in Rancho Santa Margarita, CA.

Property Size35,953 SF
Price / SF$576.25
AddedMay 15
Days on Market63
Last RefreshJul 15 at 3:48 pm

Property Features for 29911 Aventura

General Information

Standard status
Active
Size
35,953 SF
Property subtype
Retail

Listing office Faris Lee Investments

Listing date May 15, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments


Investment Insights

Based on property information with market context.

A portion of the Plaza Empresa Commercial Center in Rancho Santa Margarita, California, is available for purchase. This offering includes NNN leases with income from daily needs, health, wellness, food, and service tenants. The property features 16 tenants with an average suite size of 2,225 square feet. The leases provide flexibility, with either no option to renew or a fair market value option to renew. The offering comprises two parcels, giving the investor the ability to potentially sell individual parcels. The center is located between Santa Margarita Parkway, with a traffic volume of 50,700 vehicles per day, and Antonio Parkway, with 27,700 vehicles per day. The surrounding trade area has a high average household income of $197,461 within a 3-mile radius. The property has a total size of 35,953 square feet. The investment offers potential with existing vacancies and annual rent increases in every lease.

Key Highlights

  • NNN leases with diversified income stream.
  • Significant upside potential with 16% vacancy and projected NOI growth.
  • Flexibility to aggressively grow income stream due to lease terms.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $1.21M $33.60
− Vacancy −$41.1k −$1.14
EGI $1.17M $32.46
− OpEx −$350.1k −$9.74
NOI $816.9k $22.72
35,953 SF · lease $33.60/SF/yr · vacancy 3.40% · expense 30.00%

Alternative Uses

Best Use
Retail
$11.67M
$10.21M – $13.61M (±1% cap)
NOI $816,864 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.08M
$10.57M – $14.09M (±1% cap)
NOI $845,313 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Restaurant Hotel & Motel Storage Facility Auto Parts Store Building Supply Furniture & Home Goods Big Box & Wholesale Store Grocery & Convenience Store Garden Center Food Market

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Santa Margarita Market Place — 30451-30465 Avenida de las Flores, Rancho Santa Margarita, CA 92688
  • ARROYO CROSSROADS — 307 Santa Margarita Pkwy, Rancho Santa Margarita, CA 92688

FAQs

What type of property is this?
Shopping center - NNN leased commercial center portion in Rancho Santa Margarita, CA.
Where is this shopping center located?
The property is located at 29911 Aventura Rancho Santa Margarita, CA.
What is the asking price?
The asking price for this property is $20,718,000.
What are key features of this property?
This property features: NNN leases with diversified income stream.; Significant upside potential with 16% vacancy and projected NOI growth.; Flexibility to aggressively grow income stream due to lease terms.
Contact an agent
(949) 221-1810 Call to check price and availability
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