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Tesla Service Center | Corp Lse w/ Incrs 2710 S Glebe Rd 38,528 SF 4-Star Retail Building Arlington, VA 22206 For Sale
INVESTMENT HIGHLIGHTS
- Many Years Remaining on Lease | Scheduled Rental Increases | Corporate Guaranteed | Well-Known & Established Brand
- Dense Retail Trade Area | Major Nearby Shopping Centers | Strong Tenant Presence | Ronald Reagan Washington Airport
- Direct Residential Consumer Base | Affluent Community |Demographics in 5-Mile Trade Area
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Located Along Glebe Road | Centralized Location |Washington DC MSA | Excellent Visibility & Access
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, freestanding, Tesla Showroom and Repair Service investment property located in Arlington, VA (Washington DC MSA). The tenant, Tesla, Inc., has several years of firm term remaining with 2 (5-year) option periods left to extend. The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity (S&P: BBB) and is NN 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 with a market capitalization of +/- $1T.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
38,528 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2018
Tenancy
Single
Building Height
2 Stories
Building FAR
0.79
Lot Size
1.12 AC
Zoning
C-2 - Service Commercial - Community Business District
Parking
67 Spaces (0.97 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
- Signage
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 38-012-002 | Improvements Assessment | $28,053,700 |
| Land Assessment | $3,502,000 | Total Assessment | $31,555,700 |
PROPERTY TAXES
Parcel Number
38-012-002
Land Assessment
$3,502,000
Improvements Assessment
$28,053,700
Total Assessment
$31,555,700
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Tesla Service Center | Corp Lse w/ Incrs | 2710 S Glebe Rd
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