ASKING PRICE: $9,046,700
CAP RATE: 6.0%
- Net lease with scheduled rent increases — Corporate lease guaranteed by Tesla Motors
- Rare service & 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 & Land Rover.
- Located in affluent suburb of Pittsburgh MSA — Average household income of $171,828 within a 3-mile radius.
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