* 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.