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1216 S Park Ave
Buffalo, NY 14220
Gigafactory Adjacent - Tesla Sales & Service · Retail Property For Sale
Investment Highlights
- S&P BBB Credit - Corporately guaranteed lease
- Only Tesla Service in the Region - This location represents the only Tesla service center in the region, serving a broad trade area
- $3M In Tenant Investments - Tesla has invested approximately $3 million into renovating the property, demonstrating a strong long-term commitment
- Tesla Gigafactory 2 Next-Door - This service location at 1216 South Park Ave is highly strategic given its direct adjacency to Tesla Gigafactory 2
- Opportunity Zone - Providing investors with the potential for meaningful tax advantages
- 3% Annual Rent Bumps - Large yield growth throughout the lease term with 15% increases in the options
Executive Summary
Cushman & Wakefield is pleased to present the opportunity to acquire a 42,318± square foot single story service location on a 7.03 ± acre lot leased to TESLA, in Buffalo, NY located across the street from Tesla Gigafactory 2.
The Tesla service location at 1216 South Park Ave in Buffalo, NY is a modern, fully improved facility positioned directly across from Tesla Gigafactory 2, offering exceptional visibility and strategic access. The property has undergone approximately $3 million in recent renovations, supporting state-of-the-art service operations and efficient throughput in a high-demand, supply-constrained market.
Tesla has demonstrated a long-term commitment to the Buffalo market, investing approximately $350 million into Gigafactory 2 improvements in 2024. The company’s continued presence is further supported by Buffalo’s attractive cost of living, which enhances employee retention and operational efficiency.
Serving as a critical hub for Tesla owners across a broad regional trade area, the site benefits from consistent traffic, strong brand alignment, and a layout designed to support streamlined vehicle servicing. Its positioning within a major employment corridor and adjacent to a key production facility further reinforces its role as a high-performing asset within the regional automotive services landscape.
This property is listed in conjunction with New York-licensed real estate broker Cushman & Wakefield US Inc.
The Tesla service location at 1216 South Park Ave in Buffalo, NY is a modern, fully improved facility positioned directly across from Tesla Gigafactory 2, offering exceptional visibility and strategic access. The property has undergone approximately $3 million in recent renovations, supporting state-of-the-art service operations and efficient throughput in a high-demand, supply-constrained market.
Tesla has demonstrated a long-term commitment to the Buffalo market, investing approximately $350 million into Gigafactory 2 improvements in 2024. The company’s continued presence is further supported by Buffalo’s attractive cost of living, which enhances employee retention and operational efficiency.
Serving as a critical hub for Tesla owners across a broad regional trade area, the site benefits from consistent traffic, strong brand alignment, and a layout designed to support streamlined vehicle servicing. Its positioning within a major employment corridor and adjacent to a key production facility further reinforces its role as a high-performing asset within the regional automotive services landscape.
This property is listed in conjunction with New York-licensed real estate broker Cushman & Wakefield US Inc.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
42,600 SF
Building Class
B
Year Built/Renovated
1998/2024
Price
$15,500,000
Price Per SF
$363.85
Cap Rate
6.30%
NOI
$976,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
7.01 AC
Opportunity Zone
Yes
Zoning
Mixed Use - All main sections of warehouse
Parking
40 Spaces (0.94 Spaces per 1,000 SF Leased)
Frontage
672’ on PARK AVE
Property Taxes
| Parcel Number | 140200-122-160-0001-017-000 | Improvements Assessment | $3,758,200 |
| Land Assessment | $591,800 | Total Assessment | $4,350,000 |
Property Taxes
Parcel Number
140200-122-160-0001-017-000
Land Assessment
$591,800
Improvements Assessment
$3,758,200
Total Assessment
$4,350,000
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