Plaza Pacifica

Highlights:

• Rare chance to acquire a top-performing shadow anchored grocery center in a premier South Orange County retail market
• Assumable 4.40% fixed-rate loan with full-term interest-only payments, maturing in May 2029
• Excellent National/ Regional Retailers: Board & Brew , Baja Fresh, AT&T , Verizon, NFCU, Mattress Firm
• Albertsons recently spent significant capital converting to Pavilions- higher end grocery concept
• Adjacent to New State of Art $20M Hoag Medical Center- 20Ksqft – serving San Clemente trade area
• Part of the Dominant Community Center in San Clemente- Anchors include Walmart & Lowes
• Affluent, densely populated area with $195K+ average income and 35K+ daytime employees nearby
• Adjacent to a 299-acre, 98% occupied business park, generating strong daytime consumer traffic

Description:

Faris Lee Investments is pleased to offer the rare opportunity to acquire a South Orange County shadow anchored grocery center in the affluent community of San Clemente, California. The center is shadow anchored by a recent fully renovated Pavilions with an excellent tenant lineup including Board & Brew , Baja Fresh, Verizon Wireless, AT&T, NFCU and Mattress Firm. Plaza Pacifica is the dominant community center in San Clemente and is additionally anchored by Walmart and Lowe’s. The property’s location provides ideal positioning for tenants to draw customers from the surrounding neighborhoods, further establishing the center’s dominant and competitive position within the trade area. Plaza Pacifica thrives from the high discretionary income trade area with an average household income in excess of $195,000 within a 3 mile radius, and the densely in-fill trade area, over nearly 100,000 permanent residents and 35,000 daytime consumers within a 5-mile radius of the subject property.

San Clemente, often celebrated as the “Spanish Village by the Sea,” is a vibrant coastal city in Southern Orange County, California, renowned for its picturesque beaches, robust surfing culture, and distinctive Spanish Colonial Revival architecture. Nestled along the Pacific coast, approximately equidistant from Los Angeles and San Diego, it boasts an idyllic Mediterranean climate with abundant sunshine, making it a haven for outdoor enthusiasts. The city’s strong community spirit is reflected in its well-maintained parks, extensive trail networks, and a general focus on a healthy, active lifestyle. With a population of over 62,000, San Clemente maintains a blend of laid-back charm and the amenities of a thriving, affluent community, consistently ranking as a highly desirable place to live.
The city’s real estate market is currently a competitive seller’s market, with a median home price exceeding $1.7 million, driven by high demand and limited inventory. This robust market reflects San Clemente’s economic stability and appeal, which includes a strong local retail and hospitality sector, supported by the broader Orange County economy. Beyond its economic indicators, San Clemente’s allure lies in its iconic pier, the historic Casa Romantica, and the blend of local boutiques and modern outlets that cater to both residents and tourists. The city’s commitment to preserving its unique architectural heritage and natural beauty ensures it remains a cherished destination and a sought-after address in Southern California.