275 University Dr
Fort Worth, TX 76107
TESLA · Retail Property For Sale

DB2RE INVESTMENT SALES is proud to present Tesla Service Center (NASDAQ: TSLA) located at 275 University Drive in Fort Worth, Texas. Scheduled for completion February 2019, this irreplaceable +/- 22,000 square foot single-tenant NN opportunity will include a complete overhaul totaling more than $1.5MM. Strategically located within the heart of Fort Worth’s urban core along University Drive, the Property enjoys excellent visibility from this major north-south artery, as well as, unmatched connectivity to surrounding demand generators. Within a half mile radius of the Property sits the Fort Worth Cultural District (over 8 million visitors annually), W. 7th Entertainment District, Montgomery Plaza, Left Bank and The Foundry District, among other notable developments. Tesla’s ability to operate within this coveted high growth / high-barrier corridor provides unprecedented access to their target customer base, making this location a long-term strategic play for Tesla. With little to no management required and secured by one of the World’s most notable corporations, Tesla is ideal for investors seeking legacy infill investments. The offering boast a new 7-year term that includes 3.00% annual increases throughout the primary and renewal terms, along with to two five-year renewal options at 95.00% of FMV. Annual escalations and favorable renewal terms provide investors incremental increases to their return and an excellent value-add component long-term. For investors, the Property’s fundamentals and infill positioning combined with the security and stabilized revenue stream makes Tesla at 275 University a true once-in-a-lifetime opportunity.