Tesla - North Hollywood, CA
Tesla - North Hollywood, CA | Service & Collision & Sales | 15-Year Term Through 2039
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Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, investment grade, Tesla Sales, Service, and Delivery Center (SSD) & Collision investment property located at 13005 Sherman Way in North Hollywood, CA (the “Property”). Tesla, Inc., recently signed a brand new 15-year lease demonstrating their deep commitment to the site. The lease is signed by the corporate entity, Tesla, Inc. (S&P: BBB | Nasdaq: TSLA), and is NNN leased with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive NNN lease investor. Tesla is one of the world’s most valuable companies (Currently Ranked #10 by Market Cap $903.5 Billion - according to Companies Market Cap) and remains the world’s most valuable automaker. The subject property is one of Tesla’s largest SSD facilities nationwide at over 122k SF, making it a perfect fit for Tesla’s logistics needs for vehicle sales, service, and delivery in the broader North Hollywood market which includes approximately 1.8 million people within 10 miles.
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