8280 Castleton Corner Dr
Indianapolis, IN 46250
Tesla Motors · Retail Property For Sale

RDO Investments is pleased to present a fee simple, 23,571 square foot single tenant Tesla Motors showroom and service facility located at 8280 Castleton Corner Drive in Indianapolis, Indiana. The property is located in northeast Indianapolis across from the 1.2 Million Square foot Castleton Square Mall which is the largest and busiest mall in Indiana. The property has Interstate visibility with ingress and egress from Castleton Corner Drive. The property was originally constructed in 1983 with a complete renovation in 2017 including a new roof and upgraded exterior. The property is strategically positioned minutes away from Auto Row , with luxury car dealers including Porsche, Land Rover, BMW, Audi, Maserati, Mini and Mercedes-Benz. The lease is corporately guaranteed by Tesla Motors with a primary lease term of 10 years which is scheduled to rent commence in June 2017. The net lease allows for a passive investment with Tenant responsible for all taxes, insurance, utilities, and maintenance, excluding roof and structure. The site will be Tesla' s first service facility in Indiana. Indianapolis is the capital and largest city of the U.S. state of Indiana and the seat of Marion County. It is in the East North Central region of the Midwestern United States. With an estimated population over 850,000 in 2017, Indianapolis is the second most populous city in the Midwest, after Chicago, and 14th largest in the U.S. The city is the economic and cultural center of the Indianapolis metropolitan area, home to 2 million people, the 34th most populous metropolitan statistical area in the U.S. Its combined statistical area ranks 26th, with 2.4 million inhabitants.   Based upon the 2010 Census, the national demographics consulting firm Claritas has estimated that for 2017 there are approximately 168,196 residents and 74,737 households with a five-mile radius of the Property. According to Claritas, the average household income with a five-mile radius of the Property was estimated to be $89,295.