5180 Mayfield Rd - Auto Dealership FOR SALE
Lyndhurst, OH 44124 |
5180 Mayfield Rd
Lyndhurst, OH 44124
HIGHLIGHTS
- INVESTMENT GRADE CREDIT TENANT - The lease features a corporate guarantee with an investment grade credit tenant rated an S&P: BBB
- GLOBALLY RECOGNIZED BRAND - Tesla has an excellent financial profile and is expected to continue their explosive growth in the coming years
- LONG-TERM PASSIVE LEASE - There are roughly 7 years remaining on a NN Fee Simple lease with minimal landlord responsibilities
- MISSION CRITICAL LOCATION - The subject property is strategically located as the only Tesla dealership in the Cleveland MSA
- 2014 REMODEL - The property was retrofitted to Tesla’s new prototype sales and service center in 2014, demonstrating the tenant's long-term commitment
- AFFLUENT DEMOGRAPHICS - Within a 5-mile radius there are 203,135 people with an average household income of $84,433.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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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
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LAND SF
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ZONING
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APN/PARCEL ID
713-13-087
