Tesla Sales, Service & Delivery
Charlotte
,
NC
North Carolina
Call for Details
$
23,650,000
.svg)
Call for Details
5.75
%
CAP Rate
$156.8 Billion
MSA GDP
149,000+
Population within 5 Miles
$137,000
Average Household Income within a 1 Mile Radius
Property details
- Brand New Net Lease to Tesla
- Mission-Critical Location on Large 8.65 Acre Lot in Charlotte’s Northlake Neighborhood
- Only 12 Miles North of Downtown
- The Facility will be used for Sales, Service, Maintenance, Test Driving, Charging, Repair, Delivery, Paint, Body Repair & Interior and Exterior Storage of New and Pre-Owned Automobiles
- Significant Parking Lot Capacity to Allow for Maximum Storage & Delivery
- Reported Net Income of $7.94B in Q4 of 2023
- Total Revenue of $25.2B & Market Capitalization of $639B (Feb 2024)
- Operating Margin Among the Highest in the Industry of 8.2%, Positive Free Cash Flow of $2.06B
- Tesla was Raised to Investment Grade Status Baa3 by Moody’s in March 2023 & S&P Global Investment Grade Rating of BBB in October 2022
- Highly Desirable Market with Affluent, Educated Demographics Aligned with Tesla’s Target Market
- Robust Development Activity in Surrounding Area
- 3,800+ New Residential Units in Development Pipeline
- Adjacent BMW, Lexus, and Acura Dealerships Expanding
- Two New Industrial Park Developments
- Situated Directly on Twin Lakes Parkways with Frontage on Statesville Road
- Prominent Highway Visibility and Adjacent to Both I-485 & I-77, Two of Charlotte's Major Arterials (Combined AADT of 200,500)
- Charlotte is Most Populous City in North Carolina
- 17th Most Populous City Nationwide
- MSA Population of 2,267,000, a 2.86% Increase from 2022
- 2nd Largest Concentration of Banking Assets in U.S., After New York City
- Major Companies include Wells Fargo, Microsoft, Bank of America, Honeywell, Nucor, Lowe’s, Duke Energy, Sonic Automotive, BBVA Compass, NASCAR & More
- Additional Income from Highly Visible Billboard
- 25 Year Lease to Cannon Carolina Media
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387