193 Walker Pkwy - Service Station FOR SALE


Fayetteville, GA 30214
$4,684,000 USD
949-221-1814
193 Walker Pkwy, Fayetteville, GA for Sale
$4,684,000 USD
Service Station - FOR SALE
1/7
null | 7.75% Cap Rate

193 Walker Pkwy
Fayetteville, GA 30214


HIGHLIGHTS

  • Tesla's corporate-guaranteed lease is backed by a BBB S\&P rating, \$758.65B market cap, and strong growth with \$97.69B in 2024 revenue.
  • New 10-year absolute NNN lease with 10% rent increases every 5 years, no landlord responsibilities, and four 5-yr renewal options starting January 25.
  • Adjacent to Georgia’s largest open-air shopping center, Fayette Pavilion, with 4.7M annual visitors and major anchors like Walmart and Target.
  • Tesla occupies a 3.77-acre pad in a new retail center with corporate QSR co-tenants, in a prime redevelopment location
  • Prime location along I-85, Fayetteville’s main retail corridor (+30,800 VPD), surrounded by top retailers and numerous QSRs within a 1-mile radius.
  • Highly sought trade area with 105K residents, $92.7K average income, and limited entry through redevelopment only.

OVERVIEW

GEORGIA BROKER OF RECORD..... JEREMY YARBROUGH...Yarbrough Holdings Inc...License No. 62003 Faris Lee Investments is pleased to present a rare opportunity to acquire a single-tenant Tesla investment property located within one of Georgia’s most densely populated and heavily trafficked retail corridors.The property is secured by a brand-new 10-year absolute NNN lease with zero landlord responsibilities and 10% rental increases every five years. The lease is corporately guaranteed by Tesla (NASDAQ: TSLA), an investment-grade tenant (S&P: BBB), and supports surplus vehicle inventory for Tesla’s nearby showroom and service center located just a quarter mile away. The asset is part of a newly developed retail project strategically positioned along Interstate 85 (±30,800 VPD), directly across from Fayette Pavilion—the most visited open-air shopping center in Georgia with over 4.7 million annual visitors—anchored by Target, Walmart, Home Depot, and Publix. The surrounding trade area draws from a population base exceeding 400,000 residents across Fayetteville, Riverdale, Jonesboro, Tyrone, and southern Atlanta. Tesla occupies 3.77 acres within the development, which includes nationally recognized QSR co-tenants Pollo Campero, Jim ‘N Nick’s, and Walk-On’s Sports Bistreaux—all on long-term, corporately guaranteed ground leases and currently under construction. Each outparcel can be acquired individually or as part of a portfolio transaction. Tesla generated $97.7 billion in revenue in 2024 with continued expansion across its vehicle and energy divisions. Its use of the site for surplus vehicle inventory reinforces Tesla’s growing footprint in Georgia, one of the few states where it can sell directly to consumers. This offering represents a premier, management-free investment in a high-growth Atlanta submarket, backed by a top-performing, investment-grade tenant.

FOR SALE DETAILS

PRICE

$4,684,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TESLA - 10 Year NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Auto Dealership, Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.77 AC

LAND SF

164,221 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Hunter SteffienFaris Lee InvestmentsMore Info
949-221-1814

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Hunter SteffienFaris Lee InvestmentsMore Info
949-221-1814

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