MISSION VIEJO, CA-DeNault’s TrueValue Hardware, a seven-store chain based in San Clemente, Calif., signed a 10-year lease to move its store in Santa Margarita, Calif. to the Trabuco Hills Center in Mission Viejo.

Jeff Moore of CB Richard Ellis tells GlobeSt.com that the hardware store’s Santa Margarita location was approximately the same size as the 12,245 sf the company is moving into at the new store.

“They’re relocating to be closer to the neighborhoods where their customers live and farther away from the big-box competition,” says Moore, who brokered the hardware store’s new lease along with CB’s John T. Mehigan, Scott Horsley, and Jennifer Meade. DeNault’s leased the space from Irvine-based Pacific Castle, an investment firm that owns a number of shopping centers in Orange County. The hardware store is remodeling its new space, which formerly was a 3D Bed & Bath, and expects to move in later this month.

Terms of the lease were not disclosed. Asking rate for the space at Trabuco Hills Center is about $1.65 per sf per month, but the DeNault’s deal is believed to have been done at lower than the asking rate.

DeNault’s operates its other locations, also under the TrueValue name, in both Orange County and San Diego County. Besides the Trabuco Hills location, it has stores in the communities of San Juan Capistrano, San Clemente, Laguna Niguel, Oceanside, Carlsbad, and the Pavilions Center in Mission Viejo. The company was founded in 1956 by husband and wife Jim and Ruth DeNault and remains a family owned and operated business with DeNault sons Bob, Steve, Don, and Tom all involved. The DeNaults say they have been able to remain competitive in this era of huge warehouse hardware stores by emphasizing a high level of service and carrying an extensive range of basic merchandise such as hardware, housewares, lawn and garden supplies, paint, electrical and plumbing supplies.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.