ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Tesla – Wexford, PA – NN Lease

14010 Perry Highway

Asking Price: $8,350,800
CAP Rate: 6.56%

PROPERTY HIGHLIGHTS

  • NNN lease with scheduled rent increases and a corporate lease guaranteed by Tesla Motors.
  • Rare Service and Sales Showroom with multiple supercharger stations.
  • High-tech, innovative tenant with iconic brand recognition: Tesla had $7 billion in annual sales for 2016 (33% increase above 2015 revenue).
  • Prime location on “Auto Row,” which includes Lexus, Volvo, Bentley, Maserati, Jaguar, and Land Rover.
  • Located in affluent suburb of Pittsburgh MSA with an average household income of $171,828 within a three-mile radius.
  • New roof on building.
  • There are no features available

$8,350,800

18,400 SF

Price:

$8,350,800

Cap Rate:

6.50%

Property Type:

Retail

Building Size:

18,400 SF

Acres Property Use:

2.48 acres

Current NOI:

$542,800

Lease Type:

NN

Remaining Term:

7 Years

Status:

Active

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Download Offering Memorandum
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