Value Rock Acquires Aliso Viejo Town Center Retail Pad in Orange County, CA
According to ValueRock, the company is excited for this opportunity to increase its portfolio of commercial properties in Aliso Viejo. ValueRock has a strategic vision for this property and other properties in the corridor, including ValueRock's near completion of the remodel and re-tenanting of the former Lowe's building, which will include Tesla and 99 Ranch Market.
With a 97% occupancy rate, Aliso Viejo Town Center is home to national and regional tenants, including Advance Auto Parts, Barnes & Noble, Dollar Tree, Hoag Health Center, O'Reilly Auto Parts, Chick-fil-A, Raising Cane's Chicken Fingers, Cafe Rio, Chase Bank, Chili's Grill & Bar, Del Taco, Nekter Juice Bar, Opah, Panda Express, Sgt. Pepperoni's Pizza, Subway, The Habit Burger, Urban Plates, and Wahoo's Fish Taco.
Aliso Viejo Town Center ranks in the top 2% nationwide for foot traffic, according to Placer.ai. Among its anchor tenants, CVS Pharmacy ranks #104 out of 7,096 nationally (98th percentile), Ralphs ranks #3 out of 46 within a 30-mile radius (95th percentile), TJ Maxx ranks #67 out of 1,123 nationwide (94th percentile), and Regal Cinemas ranks #47 out of 364 nationwide (87th percentile).
Nearby retail centers draw additional visitors with major anchors like Costco, Hobby Lobby, The Home Depot, Marshalls, Kohl's, Old Navy, Pavilions, Petco, Sprouts, Stater Bros, Target, Walmart, and Whole Foods. Additionally, a 343-unit housing development is planned across the street from Aliso Viejo Town Center, in a shopping center anchored by Trader Joe's and 99 Ranch Market. The area also includes a Tesla dealership and a Walgreens-anchored center.
Aliso Viejo Town Center is ideally located off CA-73 (100,000 cars per day), connecting South Coast Metro/Newport Beach to South Orange County, and is positioned at Aliso Viejo's primary thoroughfares of Aliso Creek Road and Pacific Park Drive (60,000 cars per day).
Aliso Viejo is a master-planned, affluent community with an average household income of $155,000 and a population of 279,000 within a five-mile radius of the shopping center. Surrounding affluent cities, including Dana Point ($165,000 AHHI), Laguna Beach ($212,000 AHHI), Laguna Hills ($110,000 AHHI), and Laguna Niguel ($181,000 AHHI), further contribute to the area's high purchasing power.
About ValueRock Realty Partners
ValueRock is one of the nation's leading real estate investment and operating companies. We seek to bring a strong, innovative entrepreneurial mindset to generate a positive impact and long-term value for our investors, assets, and communities. In operation for over 30 years, ValueRock brings a track record of over $30 billion in transactions in investment management, asset management, financing, development, leasing, and operations.
For more information, visit: www.valuerockrealty.com.