700 S El Camino Real 1,944 SF Retail Building San Clemente, CA 92672 For Sale

700 S. El Camino Real presents the opportunity to acquire a single-tenant retail investment leased to Luna Grill Restaurants, LLC under an absolute NNN lease structure. The property benefits from a recently executed 10-year lease term with two five-year renewal options and contractual annual rent increases, providing investors with predictable income growth and limited landlord responsibilities. Recent capital improvements include significant upgrades to the roof, structural foundation, and building systems, along with a complete tenant remodel reflecting Luna Grill’s latest brand design standards.
The asset is positioned along El Camino Real, one of San Clemente’s primary commercial corridors, with convenient access to Interstate 5 and visibility within an established retail trade area. San Clemente is a coastal Orange County community known for its affluent residential base, regional tourism appeal, and established retail districts that attract both local residents and visitors. The property's location benefits from connectivity throughout Southern California via Interstate 5, Pacific Coast Highway, Amtrak Pacific Surfliner, and Metrolink service.
Luna Grill has operated since 2004 and has expanded to more than 60 locations across California, Arizona, and Texas. The brand has established a presence within the fast-casual Mediterranean restaurant segment and continues to expand throughout the Southwest. Combined with the property's recent renovations, corporate tenancy, and coastal Orange County location, the investment offers a stabilized retail asset with long-term occupancy and contractual rental growth.