7101 Glenwood Ave - Auto Dealership FOR SALE
Raleigh, NC 27612 |
7101 Glenwood Ave
Raleigh, NC 27612
HIGHLIGHTS
- Brand-New Long-Term Lease: This site was a majorly renovated retrofit for Tesla offering a newly signed 11 year corporately guaranteed lease
- Exploding Tenant: With recent upgrades from S&P (BB+) and Moody’s (Ba1), Tesla is cited as having a continued positive outlook
- Rent Increases: This site offers its landlord attractive 2% annual rental increase to provide a hedge against inflation
- Flagship Location: This Tesla dealership and Service Plus location is one of only two Service Centers in the Carolinas
- Strategic “Research Triangle” Region: This site is home to multiple universities and is a hub for technology and biotech companies
- Robust & Affluent Demographics: Raleigh, NC is one of the fastest growing metros in the America, with an estimated 64 new residents per day relocating
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 - Raleigh, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Dealership
TOTAL BUILDING SIZE
38745
STORIES
1
YEAR BUILT
1981
SPRINKLERS
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PARKING SPACES
184
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
0786.06-49-3392-000
