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Tesla

4913 West Knox Street, Tampa, FL 33634

$11,943,000

Cap Rate 5.65%

Views: 90 Updated: 12.11.24 Posted: 06.19.24 Status: Inactive 12.11.24

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 8.8
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

Putnam Daily
Fisher James Capital
Contact

Lindsey Snider
Fisher James Capital
Contact

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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Key Features

  • New construction

  • Build to suit

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

Tesla Wikipedia Tesla Wikipedia Tampa, Florida Zip Code 33634 Broker Site Page

Documents

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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
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

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