5180 Mayfield Rd - Auto Dealership FOR SALE
Lyndhurst, OH 44124 |
5180 Mayfield Rd
Lyndhurst, OH 44124
HIGHLIGHTS
- Corporate Guarantee – The lease is corporately backed by Tesla (NASDAQ: TSLA) with a recently upgraded credit rating of an S&P: BBB.
- World Renown Tenant – Tesla is a dominant company and an exploding EV concept, reaching a $1 Trillion Dollar market capitalization in October 2021
- Long Term Lease – The property benefits from a passive NN lease structure with 7.5 years remaining and Three (3), Five (5) year options
- Mission Critical Location – The subject property is the only Tesla Dealership serving the Cleveland MSA.
- 2014 Remodel – The building was a 2014 retrofit for the tenant, leading to up-do-date construction and limited landlord maintenance.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Tesla Sales and Service Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Dealership
TOTAL BUILDING SIZE
23428
STORIES
2
YEAR BUILT
1962
SPRINKLERS
-
PARKING SPACES
200
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
713-13-087
