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Tesla

5290 Claybrooke Commons Drive, Indianapolis, IN 46237

$15,457,000

Cap Rate 6.20%

Views: 52 Updated: 10.14.24 Posted: 06.03.24 Status: Inactive 10.14.24

Summary

Price $15,457,000
Built/Renov 2024
Tenant Tesla
Cap Rate 6.20%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 36,750
Lease Start 05-09-2024
#Units 1,208
Price/SF $420.60
Expiration 05-31-2036
Tenant Type Automotive
NOI $958,350
R. Term 11.5
Ownership Fee Simple
Rent/SF $26.08
Increases 10.0%/5/yrs
Pop 5Mi 179,899
Lot/AC 5.53
Options 2/5yrs/10%
AHHI 5Mi $96,375

Putnam Daily
Fisher James Capital
Contact

Lindsey Snider
Fisher James Capital
Contact

Lease Highlights

  • New 2024 build-to-suit construction
  • Tesla recently executed a brand new 11+ year lease with 2 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Corporate guarantee | Investment grade tenant

Location Description

Tesla is strategically located on Claybrook Commons Drive, with access to 103,988 vehicles passing by daily. The property is situated near the intersection of Emerson Avenue (26,820 VPD) and County Line Road (31,647 VPD), just off Interstate 65 (103,988 VPD). Adjacent to the newly developed Claybrook Commons, anchored by Kroger, it enjoys close proximity to several other well-known national...

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Key Features

  • New construction

  • Build to suit

  • Near major nationals

  • Strategically located

  • Freeway close

  • Top 100 MSA

  • Strong demographics

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

Tesla Wikipedia Tesla Wikipedia Indianapolis, Indiana Zip Code 46237 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Tesla
  • Guarantor:Corp T and Rated
  • Company:Tesla, Inc
  • # Units:1,208
  • Tenant S&P: BBB
  • Moody’s: Baa3
  • Stock: NASDAQ: TSLA

About Tenant

Tesla, Inc. is an American electric vehicle and clean energy company. They specialize in electric vehicle manufacturing, battery energy storage from home to grid-scale, and solar panel and solar...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 6,119 75,593 180,767
2024 Total Population : 6,062 74,506 178,390
2024 Employed Civilian Pop : 3,472 40,602 95,367
2024 Total Businesses : 413 2,640 5,244
2024 Average Household Income : $ 120,377 $ 96,000 $ 97,031
2024 Total Consumer Spending : $ 257 M $ 2487 M $ 5894 M
2024 Median Age : 36 36 36
2024 Total Households : 2,442 29,436 69,130
2024 Pop Age 25+: Bachelor's Degree : 1,069 11,929 27,354
2024 Average Home Value : $ 308,414 $ 295,291 $ 292,984
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Boggs Creek Dr 2021 10,665 0.18 mi
Boggs Creek Dr 2021 2,520 0.24 mi
Greenwood Springs Dr 2021 1,556 0.28 mi
E County Line Rd I- 65 2017 31,073 0.39 mi
Emerson Ave E County Line Rd 2019 26,820 0.41 mi
South Emerson Avenue Heathwood Dr 2021 25,198 0.46 mi
East County Line Road South N Emerson Ave 2021 31,647 0.46 mi
Wilson Dr 2021 6,979 0.51 mi
E County Line Rd I- 65 2006 9,784 0.53 mi
Wilson Dr 2021 3,221 0.56 mi

Listing Broker

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