Tesla Collision Center | New 10yr Corp NNN 18011 Mitchell S 35,616 SF Flex Building Irvine, CA 92614 For Sale
INVESTMENT HIGHLIGHTS
- New 10-Year Lease | Above Market Scheduled Rental Increases | Investment Grade Tenant | Well-Known & Established Brand
- Promising Future for California Vehicle Market
- Dense Retail Trade Area | Major Nearby Shopping Centers | John Wayne Airport | High Barriers To Entry
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Located at a Hard Corner Intersection | Centralized Location
- Direct Residential Consumer Base | Affluent Community |Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, investment grade, Tesla Collision Center investment property located in Irvine, CA (Los Angeles MSA). The tenant, Tesla, Inc. (dba Tesla Motors, Inc.), recently signed a brand new 10-year lease with 2 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features rare, above market 3.50% annual rental increases throughout the initial term and options with a FMV increase at the beginning of option 2. The lease is signed by the corporate entity (S&P: BBB) and is NNN leased with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Tesla is one of the world’s most valuable companies and remains the world’s most valuable automaker.
PROPERTY FACTS Under Contract
AMENITIES
- Storage Space
UTILITIES
- Water - City
1 of 1
PROPERTY TAXES
| Parcel Number | 427-251-01 | Improvements Assessment | $1,078,390 |
| Land Assessment | $9,883,800 | Total Assessment | $10,962,190 |
CONTACTS
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Patrick
Weibel
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Rob
Rader
