Share This Listing

Message

945 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Plaza Pacifica 979 Avenida Pico 23,679 SF 96% Leased 4-Star Retail Building San Clemente, CA 92673 $23,251,000 ($981.92/SF) 5% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,679 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2002
Price
$23,251,000
Price Per SF
$981.92
Cap Rate
5%
NOI
$1,162,534
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
2.43 AC
Zoning
C-C - Commercial
Parking
117 Spaces (4.94 Spaces per 1,000 SF Leased)

AMENITIES

  • Banking
  • Dedicated Turn Lane
  • Food Court
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Monument Signage
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Arts, Entertainment, and Recreation
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Loco Cycle isn’t just a workout – it’s an experience. Each 45-minute class is designed to push your body, challenge your mind, and keep you moving to the beat. Our high-energy workouts combine cycling with full-body exercises to ensure you get an intense, full-body burn every time you ride.

  • Retailer
  • -
  • -
  • -
  • Jan 0000

Mattress Firm, the nation’s largest omni-channel mattress specialty retailer, through its predecessors, has been helping solve America’s sleep problems for numerous years. Every one of their passionate Sleep Experts are driven by a common purpose: to change people’s lives through better sleep. Whether browsing online or in one of our various stores, their highly trained team provides personalized service and advice to help customers choose the right mattress and bedding products based on their unique needs. Their expertly curated selection of products includes leading brands such as Beautyrest®, Nectar®, Sealy®, Serta®, Simmons®, Sleepy’s® Stearns & Foster®, Tempur-Pedic®, Tuft & Needle®, tulo®, and Purple®. Mattress Firm supports local and national charities through product and monetary donations and offers employee volunteering opportunities to serve their communities.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Arts, Entertainment, and Recreation - - Lorem Ipsum Jan 0000
Retailer - - - Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • I
  • 1,000 SF
  • Retail
  • In-Line
  • Now

Fully Built-Out In-Line Retail Space

Space Size Space Use Position Available
I 1,000 SF Retail In-Line Now

I

Size
1,000 SF
Space Use
Retail
Position
In-Line
Available
Now

I

Size 1,000 SF
Space Use Retail
Position In-Line
Available Now

Fully Built-Out In-Line Retail Space

NEARBY MAJOR RETAILERS

Starbucks
Pavilions
Chase Bank
Bank of America
IHOP
24 Hour Fitness
Club Pilates
Peet's Coffee
Ralphs
Life Time Athletic

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
688-131-22
Land Assessment
$9,834,253
Improvements Assessment
$5,444,212
Total Assessment
$15,278,465
  • Listing ID: 36561095

  • Date on Market: 7/1/2025

  • Last Updated:

  • Address: 979 Avenida Pico, San Clemente, CA 92673

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}