18011 Mitchell S Irvine, CA 92614

This exceptional investment opportunity presents a fee-simple ownership of a 35,616-square-foot Tesla Collision Center in Irvine, California. The property, built in 1978 and renovated in 2024, sits on a 2.44-acre lot and boasts 135 parking spaces. Currently 100% occupied by Tesla under a triple-net (NNN) lease, this property offers a secure, long-term investment with a new 10-year lease featuring 3.50% annual rent increases throughout the initial term and options, with fair market value increases at the start of each option period. The lease includes two 5-year renewal options, demonstrating Tesla's strong commitment to the location. The property is zoned for multi-use (IBC) and benefits from its prime location at a hard-corner intersection with high daily traffic volume, excellent access to major freeways (State Highway 55, 73, and Interstate 405), and proximity to John Wayne Airport. The surrounding area features a dense concentration of retail establishments, including major shopping centers and numerous residential communities, creating a strong consumer base and synergistic tenant mix. The 5-mile trade area boasts a highly affluent population with average household incomes exceeding $128,000. This low-management investment opportunity is ideal for passive investors seeking a stable, high-growth asset in a thriving market. The property's APN is 427-251-01.