ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Tesla – Wexford, PA – NN Lease

14010 Perry Highway

Asking Price: $8,350,800
Cap Rate: 6.50%

PROPERTY HIGHLIGHTS

  • Net lease with scheduled rent increases with a corporate guarantee by Tesla Motors
  • Rare Service and Sales Showroom with multiple supercharger stations
  • High-tech, innovative tenant (NASDAQ: “TSLA”) with iconic brand recognition
  • $7 billion in annual sales for 2016 (33 percent increase above 2015 revenue)
  • Prime location on “Auto Row,” which includes Lexus, Volvo, Bentley, Maserati, Jaguar, and Land Rover
  • Located in affluent suburb in Pittsburgh Metropolitan Statistical Area
  • 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:

Under LOI

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Download Offering Memorandum
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