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5180 Mayfield Rd
Lyndhurst, OH 44124
Tesla Sales and Service Center · Retail Property For Sale
Investment Highlights
- Corporate Guarantee – The lease is corporately backed by Tesla (NASDAQ: TSLA) with a recently upgraded credit rating of an S&P: BBB.
- Long Term Lease – The property benefits from a passive NN lease structure with 7.5 years remaining and Three (3), Five (5) year options
- 2014 Remodel – The building was a 2014 retrofit for the tenant, leading to up-do-date construction and limited landlord maintenance.
- World Renown Tenant – Tesla is a dominant company and an exploding EV concept, reaching a $1 Trillion Dollar market capitalization in October 2021
- Mission Critical Location – The subject property is the only Tesla Dealership serving the Cleveland MSA.
Property Facts
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
23,428 SF
Building Class
B
Year Built/Renovated
1962/2014
Tenancy
Single
Building Height
2 Stories
Building FAR
0.27
Lot Size
1.98 AC
Zoning
C, Lyndhurst
Parking
200 Spaces (8.13 Spaces per 1,000 SF Leased)
Frontage
80’ on Mayfield Rd
Amenities
- Pylon Sign
- Signage
- Car Charging Station
Property Taxes
| Parcel Number | 713-13-087 | Improvements Assessment | $623,385 |
| Land Assessment | $241,360 | Total Assessment | $864,745 |
Property Taxes
Parcel Number
713-13-087
Land Assessment
$241,360
Improvements Assessment
$623,385
Total Assessment
$864,745
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