26791 Aliso Creek Rd
Aliso Viejo, CA 92656
Staples · Retail Property For Sale

Staples & Five Below | Aliso Viejo Town Center Lee & Associates is pleased to exclusively present to qualified investors, the rare opportunity to acquire a fee simple (land & building) retail investment property located in the highly desirable master planned community of Aliso Viejo, California. Aliso Viejo is located within the highly affluent South Orange County market. The subject property is 100% leased by Staples, Inc. (S&P: BBB-) and Five Below (NASDAQ: FIVE). Staples (NASDAQ:SPLS) operates over 2,000 stores worldwide and has the world' s largest office products business-to-business delivery operation. Five Below, founded in 2002, is one of the fastest growing retailers, more than doubling its store count over the past four years to more than 500 stores in 31 states. Staples is under a 10 year lease at a rent dramatically below market, and with 10% rent increases every five years in the primary term and options. Five Below is expected to open in mid-March 2017, and recently signed a new 12 year lease with 10% rent increases every five years in the primary term and option periods. Aliso Viejo Town Center is prominently located along Aliso Creek Road, one of the busiest and most traveled thoroughfares in Aliso Viejo, at the intersection of Pacific Park Drive (69,000 vehicles per day combined). In addition, the subject property is located one block away from the exit/entrance ramp to Highway 73 Toll Road (57,000 cars per day), for quick access to large Orange County Communities such as Irvine, Newport Beach, Laguna Hills, and Mission Viejo. In addition to low retail vacancy and extremely high barriers to entry, Aliso Viejo boasts highly affluent demographics with an average household income of $121,000 within a five mile radius of the subject property.