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5180 Mayfield Rd
Lyndhurst, OH 44124
Tesla Sales and Service Center · Retail Property For Sale
Investment Highlights
- Strategically Situated with Direct Frontage to Mayfield Road [US Route 322] a major commercial corridor servicing the Community
- Investment Grade Tenant | NASDAQ: TSLA
- Desirable Demographics | 209,000+ people live within a five-mile radius with an Average Household Income exceeding $119K+
- Crucial Location – One of ONLY Five Tesla Sales & Services Centers in the State of Ohio
- Historical Successful Operating History at Site since 2015
- Located along Mayfield Road (21,800 AADT) and within proximity to Interstate 271 (129,000 VPD)
Executive Summary
CBRE is pleased to exclusively market for sale a single tenant, net-leased Tesla Sales and Service Center located in Lyndhurst, Ohio, within the Cleveland MSA. Tesla has operated successfully at this location since 2015, highlighting the site’s long-term strategic importance. This property represents one of only five Tesla sales and service centers in Ohio and is the only location within the Cleveland MSA, operating seven days per week. Tesla maintains an investment grade “BBB” credit rating from Standard & Poor’s. The lease was extended in 2020 through January 2030, demonstrating the tenant’s continued commitment. The lease includes three five-year renewal options, each with rental escalations.
The 24,609±SF facility is well positioned along Mayfield Road (US Route 322), a major commercial corridor carrying approximately 21,800 VPD, and benefits from close proximity to Interstate 271, which sees traffic volumes exceeding 129,000 VPD. The property is surrounded by a strong mix of national retailers and institutions, including CVS, Chase Bank, ALDI, PNC Bank, and 7 Brew. The surrounding five-mile trade area is home to more than 209,000 residents with an average household income exceeding $119,000, supporting sustained demand for Tesla’s sales and service operations. Tesla, Inc. is a leading electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, Tesla designs, manufactures, and sells electric vehicles, energy storage solutions, and solar products. Its vehicle lineup includes the Model S, Model 3, Model X, and Model Y, as well as the Cybertruck, introduced in late 2023.
The 24,609±SF facility is well positioned along Mayfield Road (US Route 322), a major commercial corridor carrying approximately 21,800 VPD, and benefits from close proximity to Interstate 271, which sees traffic volumes exceeding 129,000 VPD. The property is surrounded by a strong mix of national retailers and institutions, including CVS, Chase Bank, ALDI, PNC Bank, and 7 Brew. The surrounding five-mile trade area is home to more than 209,000 residents with an average household income exceeding $119,000, supporting sustained demand for Tesla’s sales and service operations. Tesla, Inc. is a leading electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, Tesla designs, manufactures, and sells electric vehicles, energy storage solutions, and solar products. Its vehicle lineup includes the Model S, Model 3, Model X, and Model Y, as well as the Cybertruck, introduced in late 2023.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
24,609 SF
Building Class
B
Year Built/Renovated
1962/2014
Price
$5,422,222
Price Per SF
$220.33
Cap Rate
6.75%
NOI
$366,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.29
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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