28471 Marguerite Pky - Auto Dealership FOR SALE


Mission Viejo, CA 92692
$25,266,900 USD
310-550-2672
28471 Marguerite Pky, Mission Viejo, CA for Sale
$25,266,900 USD
Auto Dealership - FOR SALE
1/6
null | 5.65% Cap Rate

28471 Marguerite Pky
Mission Viejo, CA 92692


HIGHLIGHTS

  • Long-Term Absolute NNN Lease – 100% absolute NNN leased to Lucid Group USA (NYSE: LCID) with 10 years remaining
  • Infill Location with Substantial Tenant Investment – The property sits along one of Orange County's premier auto dealer rows in Mission Viejo
  • Secure Income Stream – 3% annual rent increases, providing a reliable inflation hedge backed by a publicly traded, high-growth tenant
  • Dense Retail and Commercial Corridor – Surrounded by national retailers including Walgreens, Starbucks, In-N-Out, and First Citizens Bank

OVERVIEW

* Long-Term Absolute NNN Lease – 100% absolute NNN leased to Lucid Group USA (NYSE: LCID) with 10 years remaining. Lucid operates 820 locations nationwide and generated approximately $1.35 billion in revenue in 2025, a 68% year-over-year increase, underpinned by industry-leading EV battery range and performance. * Secure Income Stream – The lease features 3% annual rent increases, providing a reliable inflation hedge backed by a publicly traded, high-growth tenant. * Infill Location with Substantial Tenant Investment – The property sits along one of Orange County's premier auto dealer rows in Mission Viejo, with direct access to the I-5 Freeway (±250,000 CPD) and prominent frontage on Marguerite Parkway (±35,000 CPD). Lucid has committed $5 million in facility upgrades prior to occupancy, demonstrating strong confidence in the location. * Dense Retail and Commercial Corridor – Surrounded by national retailers including Walgreens, Starbucks, In-N-Out, and First Citizens Bank, with neighboring automotive dealerships such as Audi Mission Viejo, South County Lexus, Land Rover Mission Viejo, Jaguar Mission Viejo, and Volvo Cars Mission Viejo.

FOR SALE DETAILS

PRICE

$25,266,900 USD

PRICE/SF

$912 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lucid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

CH, Mission Viejo

APN/PARCEL ID

740-016-06

ASK ABOUT THIS PROPERTY

310-550-2672

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310-550-2672

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