12% Increase in July 2027 | 6.17% Pro Forma Cap Rate AdviseCRE is pleased to offer the opportunity to acquire the fee simple interest in an infil, investment grade (S&P: BBB), Tesla Dealership & Service Plus located in Franklin, TN (Nashville MSA). The tenant, Tesla Motors, Inc recently signed a 10-year lease, commencing July 2022, with 2 x 5-year options to extend, demonstrating their long-term commitment to the site. The lease features a 12% rental increase in July 2027 and 10% increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The NNN lease structure provides tenant self-maintains the parcel and leaves landlord with minimal responsibilities. The tenant, Tesla Motors, Inc. is one of the world’s most valuable companies and remains the world’s most valuable automaker with a market capitalization of almost $600 billion. Tesla is located in the heart of one of Nashville’s most affluent zip codes and across Interstate 65 (150,190 AADT) from Cool Springs Galleria which maintains over 150 retail stores. Furthermore, the asset benefits from nearby direct on/off ramp access to Interstate 65 and sits amidst a number of complementary auto tenants, making this an ideal, centralized location with easy commutes. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. The dense 5-mile subject trade area is supported by more than 101,000 residents who boast an affluent average household income of more than $156,000. The city of Nashville continues to be one of the fastest growing cities with some of the most favorable economic opportunity in the country, and this Tesla Dealership & Service Plus location will continue to benefit from its proximity to Nashville for years to come.