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Tesla

15125 West 101st Terrace, Lenexa, KS 66219

$11,425,000

Cap Rate 5.50%

Views: 48 DOM: 106 Updated: 07.19.24 Posted: 06.03.24 Status: Active

Summary

Price $11,425,000
Built/Renov 2023
Tenant Tesla
Cap Rate 5.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 36,777
Lease Start 08-12-2023
#Units 1,208
Price/SF $310.66
Expiration 08-31-2033
Tenant Type Automotive
NOI $628,393
R. Term 8.11
Ownership Fee Simple
Rent/SF $17.09
Increases 10.0%/5/yrs
Pop 5Mi 224,456
Lot/AC 3.00
Options 2/5yrs/10%
AHHI 5Mi $115,440

Putnam Daily
Fisher James Capital
Contact

Lindsey Snider
Fisher James Capital
Contact

Lease Highlights

  • New 2023 construction
  • Tesla has 9+ years remaining on the current lease term 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 Collision Center is strategically located on the signalized, hard corner intersection of West 101st Terrace and Lackman Rd. The property is adjacent to the I-435 arterial, with a traffic count of 110,000 VPD, and is conveniently situated near its junction with I-35 (104,000 VPD). Additionally, the site benefits from its proximity to major employers, including the Dr Pepper Snapple Group,...

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Key Features

  • New construction

  • Signalized intersection

  • Hard corner intersection

  • Strategically located

  • Freeway visibility

  • Top 100 MSA

  • Strong demographics

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

Tesla Wikipedia Tesla Wikipedia Lenexa, Kansas Zip Code 66215 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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Listing Broker

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