loader
Join Free
Views: 73 DOM: 155 Updated: 07.16.24 Posted: 06.19.24 Status: Active

Summary

Price $11,943,000
Built/Renov 2024
Tenant Tesla
Cap Rate 5.65%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 40,000
Lease Start 08-11-2023
#Units 1,208
Price/SF $298.57
Expiration 08-31-2033
Tenant Type Automotive
NOI $674,800
R. Term 8.9
Ownership Fee Simple
Rent/SF $16.87
Increases 10.0%/5/yrs
Pop 5Mi 279,177
Lot/AC 3.53
Options 2/5yrs/10%
AHHI 5Mi $88,579

Lease Highlights

  • Brand-new 2024 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 Knox Street, with access to a substantial daily traffic count of 95,307 vehicles. The property benefits from excellent visibility in a central location, neighboring the FL-589 (95,307 VPD) and FL-580 (70,500 VPD) arterials. Additionally, it is about 1 mile from Tampa International Airport and 12 miles from MacDill Air Force Base. The immediate...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 7,101 96,483 292,385
2024 Total Population : 7,075 94,532 283,714
2024 Employed Civilian Pop : 3,615 53,194 160,628
2024 Total Businesses : 826 7,400 19,690
2024 Average Household Income : $ 73,524 $ 81,485 $ 96,986
2024 Total Consumer Spending : $ 151 M $ 2657 M $ 10003 M
2024 Median Age : 45 40 40
2024 Total Households : 2,310 36,627 116,936
2024 Pop Age 25+: Bachelor's Degree : 760 14,780 53,063
2024 Average Home Value : $ 343,333 $ 407,232 $ 450,502
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Anderson Road W Idlewild Ave 2022 8,900 0.29 mi
Anderson Rd Hoover Blvd 2015 10,310 0.31 mi
Anderson Rd W Idlewild Ave 2015 10,310 0.32 mi
W Sligh Ave Occident St 2011 14,342 0.33 mi
West Sligh Avenue W Sligh Ave 2022 7,200 0.39 mi
Hoover Boulevard W Idlewild Ave 2022 11,100 0.48 mi
Anderson Rd W Sligh Ave 2012 17,400 0.52 mi
N Manhattan Ave W Fern St 2015 6,575 0.59 mi
Hoover Blvd Hangar Ct 2016 17,000 0.60 mi
N Hesperides St W Henry Ave 2011 2,860 0.61 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity