27525 Puerta Real Mission Viejo, CA 92691

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.