Tesla Sales and Service Center 5180 Mayfield Rd 24,609 SF Retail Building Lyndhurst, OH 44124 $5,382,353 ($218.71/SF) 6.80% Cap Rate

The Boulder Group and Bang Realty are pleased to exclusively market for sale a single tenant net leased Tesla sales and service center located within the Cleveland MSA in Lyndhurst, Ohio. Tesla has successfully operated at this location since 2015. In 2020, the lease was extended through January 2030, demonstrating commitment to the site. The lease contains three ?ve-year renewal options, each with rental escalations. This property serves as one of only ?ve Tesla sales and service centers in the state of Ohio (the only in the Cleveland MSA) and operates seven days per week. Tesla is investment grade and features a “BBB” rating by Standard & Poor’s.
The 24,609 square-foot building bene?ts from its position along May?eld Road (21,800 VPD) and proximity to Interstate 271, which sees over 129,000 vehicles per day. The property is surrounded by nationally recognized retailers including CVS, Chase Bank, ALDI, Goodwill, PNC Bank, Cleveland Clinic, and 7Brew, among others. It is also just minutes from key local traffic drivers such as Charles F. Brush High School and May?eld Sand Ridge Golf Club. More than 209,000 residents live within a ?ve-mile radius, with an average household income exceeding $119,000.
Tesla, Inc. is an American electric vehicle and clean energy company founded in 2003 by Martin Eberhard and Marc Tarpenning, with Elon Musk joining shortly after as an early investor and later becoming CEO. Headquartered in Austin, Texas, Tesla designs, manufactures, and sells electric vehicles, energy storage systems, and solar products. Its vehicle lineup includes the Model S, Model 3, Model X, and Model Y-among the world’s best-selling electric cars-as well as the Cybertruck, launched in late 2023. Tesla operates a growing network of Gigafactories worldwide, producing vehicles, batteries, and energy components that power both its automotive and renewable energy divisions.