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Views: 65 Updated: 10.14.24 Posted: 06.03.24 Status: Inactive 10.14.24

Summary

Price $12,144,000
Built/Renov 2024
Tenant Tesla
Cap Rate 6.20%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 41,188
Lease Start 03-10-2024
#Units 1,208
Price/SF $294.84
Expiration 03-31-2034
Tenant Type Automotive
NOI $752,917
R. Term 9.3
Ownership Fee Simple
Rent/SF $18.28
Increases 10.0%/5/yrs
Pop 5Mi 128,742
Lot/AC 6.76
Options 2/5yrs/10%
AHHI 5Mi $123,280

Lease Highlights

  • Brand new 2024 construction
  • Tesla recently executed a brand new 9+ 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 Collision Center is strategically located on Zionsville Road, with access to 14,981 vehicles passing by daily. The property is adjacent to a top 20% location nationwide for Caliber Collision, according to Placer.ai. Additionally, it is situated 3 miles from Ascension St. Vincent Hospital, Indianapolis' second-largest employer with a staff of 17,398. The immediate area is surrounded by...

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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
2028 Total Population : 336 38,147 130,976
2023 Total Population : 322 37,623 128,742
2023 Employed Civilian Pop : 192 20,424 69,762
2023 Total Businesses : 477 3,450 5,266
2023 Average Household Income : $ 157,358 $ 122,595 $ 123,280
2023 Total Consumer Spending : $ 12 M $ 1764 M $ 5515 M
2023 Median Age : 44 40 37
2023 Total Households : 111 16,788 52,057
2023 Pop Age 25+: Bachelor's Degree : 75 8,560 27,010
2023 Average Home Value : $ 441,456 $ 362,205 $ 385,366
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
86th St W Zionsville Rd 2016 23,389 0.24 mi
Zionsville Road Pock Rd 2021 14,981 0.28 mi
Zionsville Road Rock Hampton Ct 2021 14,981 0.28 mi
86th St W Northwest Blvd 2019 39,755 0.37 mi
86th St W Robbins Rd 2016 27,599 0.41 mi
2018 7,162 0.50 mi
I 465 023 RAMP B FROM E W 86th St 2021 4,797 0.50 mi
I 465 023 RAMP B 100 SE OF I 465 NB W 86th St 2021 7,156 0.51 mi
W 86th St 2021 2,359 0.52 mi
I 465 023 RAMP A TO E I- 465 2021 78,375 0.52 mi

Listing Broker

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