510-636-5663
10615 Twin Lakes Pky, Charlotte, NC for Sale
Auto Dealership - FOR SALE
1/6
null | 6% Cap Rate

10615 Twin Lakes Pky
Charlotte, NC 28269
Henderson Circle


HIGHLIGHTS

  • 47,025-square-foot Tesla Sales, Service & Delivery facility on 8.65 acres, offered free and clear of debt.
  • Long-term corporate lease to Tesla Inc. (NASDAQ: TSLA) with annual rent increases.
  • Premier auto row positioning among Lexus, BMW & Audi with exposure to ~200,000 vehicles per day.
  • Affluent Northlake trade area: 149,000 residents within 5 miles, and $137,000 average household income.
  • Tesla continues to outperform with record Q3 2025 deliveries (+7% YoY) and 24 straight profitable quarters.
  • Institutional-quality net lease asset aligned with Tesla’s expansion strategy for larger Sales, Service & Delivery facilities.

OVERVIEW

Positioned within Charlotte’s established auto row corridor, 10615 Twin Lakes Parkway presents investors with the opportunity to acquire a Tesla Sales, Service & Delivery (SSD) facility backed by a long-term corporate lease. The 47,025-square-foot building sits on 8.65 acres and serves multiple functions for Tesla, including sales, service, repair, charging, delivery, and body work, with substantial vehicle storage and customer parking. The lease is guaranteed by Tesla, Inc. (NASDAQ: TSLA) under a net structure with annual rent increases. The asset will be delivered free and clear of permanent financing. Tesla remains one of the world’s most valuable companies, with a $1.33 trillion market CAP as of October 2025. The brand continues to outperform peers, reporting record deliveries and energy deployments in Q3 2025, up 7% year-over-year, and maintaining profitability for 24 consecutive quarters. The site’s strategic Northlake location places it among major national and luxury auto dealerships, including Lexus, BMW, Audi, and Mercedes-Benz, aligning directly with Tesla’s expansion strategy toward larger, full-service facilities. Its dual frontage along Twin Lakes Parkway and Statesville Road offers excellent visibility to roughly 200,000 vehicles per day, with immediate access to Interstates 77 and 485. Charlotte continues to rank among the fastest-growing metropolitan areas in the Southeast. Within a five-mile radius of the property, the population exceeds 149,000 with average household incomes above $137,000. Adjacent to the site, 19.8 acres are planned for a 300-unit multifamily community, reinforcing long-term retail and service demand. Leased to an investment-grade corporate tenant in a supply-constrained submarket, 10615 Twin Lakes Parkway offers durable income, intrinsic land value, and strong alignment with Tesla’s continued market growth. This property is listed in conjunction with North Carolina–licensed real estate broker David Edmonds.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tesla Sales, Service & Delivery

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.65 AC

LAND SF

376,794 SF

ZONING

BP

APN/PARCEL ID

025-062-05

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-636-5663

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Putnam DailyFisher James CapitalMore Info
510-636-5663

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.