ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Tesla – Wexford, PA – NN Lease

14010 Perry Highway

ASKING PRICE: $9,046,700
CAP RATE: 6.0%

PROPERTY HIGHLIGHTS:

  • 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.
  • There are no features available

$9,046,700

18,400 SF

Price:

$9,046,700

Cap Rate:

6.0%

Building Size:

18,400 SF

SF Land Area:

2.48 acres

Current NOI:

$542,800

Lease Type:

NN

Remaining Term:

Seven (7) Years

Status:

Under LOI

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Download Offering Memorandum
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