Listed by ParaSell Inc
$29,028,000
Tesla Sales, Service & Delivery
Details
Property Type Retail, Industrial
Sub Type Auto Shop, Flex
Square Footage 50,720
Units 418
Occupancy 100%
Tenancy Single
Brand/Tenant Tesla
Lease Type Net
Rent Bumps Yes
Price per SqFt $572
Broker Co-Op Yes
Year Built 2025
Buildings 1
Stories 1
Acreage 5.611
Parking Spaces 418 spaces
Parking Per SqFt 8.24
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
New Long-Term Tesla with Annual Increases in Chicago MSA
Marketing description
Brand-new Tesla Sales, Service & Delivery Center, strategically positioned in an affluent Chicago suburb. The property is backed by a new long-term corporate lease featuring annual rent increases. This location serves as a mission-critical regional distribution hub, situated on a large lot allowing for maximum storage and delivery, and benefits from prominent visibility along a dense commercial corridor.
Investment highlights
- New Long-Term Corporate Net Lease to Tesla (NASDAQ: TSLA) with Annual Rent Increases
- Investment-Grade Tenant Rated BBB by S&P and Baa3 by Moody’s
- Mission-Critical Distribution Facility: Serves as a Regional Sales, Service & Delivery Hub with a Large 5.6-Acre Lot and Significant Parking Capacity
- Brand New 2025 Construction in a High Visibility Location within a Brand New Mixed-Use Development
- Population of 823,970 within 10 Miles with an Average Household Income of $160,437 and 57.6% Holding a Bachelor’s Degree or Higher
- Qualifies for 100% Bonus Depreciation via Cost Segregation
Listing Contacts
Listed by ParaSell Inc
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