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28565 Marguerite Pky
Mission Viejo, CA 92692
La Z Boy Furniture Galleries · Retail Property For Sale
Investment Highlights
- Trophy Location - Rare South Orange County NNN Retail Asset
- Tenant Planned Store Renovation in 2023 – Showing Commitment to Location
- 3% Annual Rental Increases Starting in Year 6 of the Primary Term
- Recently Extended Lease – Over 10.5 Years Remaining in Primary Term Two 5 Year Options
- Corporate Guarantee – La-Z-Boy Inc. (NYSE: LZB)
- Interstate 5 Frontage – Over 262,000 VPD - Freeway Expansion Underway
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,119 SF
Building Class
B
Year Built
1979
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.70 AC
Zoning
C2 - Commercial
Parking
75 Spaces (5.09 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 740-016-12 | Improvements Assessment | $1,490,950 |
| Land Assessment | $5,100,000 | Total Assessment | $6,590,950 |
Property Taxes
Parcel Number
740-016-12
Land Assessment
$5,100,000
Improvements Assessment
$1,490,950
Total Assessment
$6,590,950
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