Listed by SRS Real Estate Partners Newport Beach
$12,673,783
Tesla SSD
Details
APN 163-10-503-006
Property Type Retail
Sub Type Auto Dealership
Square Footage 26,136
Cap Rate 6%
NOI $760,427
Occupancy 100%
Tenancy Single
Brand/Tenant Tesla
Lease Type NNN
Lease Term 12
Lease Expiration 11/01/2029
Remaining Term 3.4
Rent Bumps Yes
Lease Options 1 (5-year)
Price per SqFt $485
Year Built 1999
Year Renovated 2017
Acreage 1.840
Zoning CG - Commercial General
Parking Spaces 80 spaces
Parking Per SqFt 3.06
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/2017
Ownership Fee Simple (Land & Building)
Retail | 6.00% CAP | 26,136 SqFt
Investment highlights
Investment Grade Tenant | Global EV Market Leader
Premier Automotive Corridor | Exceptional Regional Access
Affluent Consumer Base & Strong Demographics | No State Income Tax
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$760,427.00
$63,368.92/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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