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Views: 58 DOM: 134 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 8.10
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...

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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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Listing Broker

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