Skip to main content

Auto Service - Gas-Conv

Tesla (NASDAQ: TSLA) Service Center w/ Annual Increases | Minneapolis-St. Paul MSA | 2022 Renovation

8001 Wallace Rd, Eden Prairie (Twin Cities), MN 55344

Listing Price: $10,494,696

Cap Rate
5.87%
Tenant Name
Tesla
Years Remaining On Lease
10.0
Gross SF
45,543
Guarantor
Corporate Guarantee
Rentable SF
45,543
Price/Gross SF
$230.43
Lease Type
Double Net
Rent Per Square Feet
$13.52

Investment Overview

Eden Prairie is a city 12 miles southwest of downtown Minneapolis in Hennepin County and the 15th-largest city in the State of Minnesota. As of the 2020 census, it has a population of 64,198. The city is adjacent to the north bank of the Minnesota River, upstream from its confluence with the Mississippi River. Set in the Twin Cities’ outer suburbs, Eden Prairie is part of the southwest portion of Minneapolis–Saint Paul, the 16th-largest metropolitan area in the United States, with approximately 3.6 million residents. The community was designed as a mixed-income city model, and is home to 7,213 commercial firms, including the headquarters of SuperValu, C.H. Robinson Worldwide, Winnebago Industries, Starkey Hearing Technologies, Lifetouch Inc., SABIS, and MTS Systems Corporation. It contains the Eden Prairie Center mall and is the hub of SouthWest Transit, providing public transportation to three adjacent suburbs. The television stations KMSP and WFTC are based in Eden Prairie. The nonprofit news organization Eden Prairie Local News (EPLN) also serves the community. The area features numerous municipal and regional parks, conservation areas, multi-purpose trails, and recreational facilities. There are more than 170 miles of multi-use trails, 2,250 acres of parks, and 1,300 acres of open space. Popular recreational areas include Staring Lake, Lake Riley, Purgatory Creek, Miller Park, Round Lake, and the Minnesota River Bluffs Regional Trail. Eden Prairie has been featured as one of Money magazine’s “Best Places to Live” in America several times since 2006. It earned first place in the 2010 survey and second place in 2016.

Investment Highlights

  • Long Term Lease Featuring 2% Annual Rental Increases Throughout the Initial Term and Options. Complete 2022 Renovation. Roof Newly Renovated with a new 20 Year Warranty.
  • Only Tesla Service Station with a Collision Center in Region - Next Nearest Being Chicago (400+ miles) and Des Moines (250 miles).
  • Positioned Along Area's Major Industrial, Office & Traffic Corridor - Features Easy Access & Visibility. In Close Proximity to US Hwy-212 (111k+ VPD) and MN-5 (44k+ VPD).
  • Positioned Along Area's Major Industrial, Office & Traffic Corridor - Features Easy Access & Visibility. In Close Proximity to US Hwy-212 (111k+ VPD) and MN-5 (44k+ VPD).
  • Strong Daytime Employment Area - Surrounded by Numerous Established Corporate HQ's, Business Parks and Regional Office Spaces.
  • The City contains some of the most desirable Residential Neighborhoods in the Metro area - Less than 20 Minutes from Downtown Minneapolis, the International Airport and the Mall of America.
  • Densely Populated & Affluent Area: Features an Average Household Income of $141k+ within a 3-Mile Radius and over 136k People Residing within a 5-Mile Radius. One of the Fastest Growing Communities in Minnesota. Minutes from Eden Prairie Center - a 1.4M Sq.Ft., Two Level, Enclosed Shopping Center featuring more than 90 Shops & Restaurants, serving the Southwest Suburbs of the Twin Cities.
  • In Close Proximity to Numerous Auto Dealerships and Auto Service Centers including Chevrolet, Nissan, Ford and many more. Eden Prairie has been featured as one of Money Magazine's "Best Places to Live" in America several times since 2006. It earned First Place in the 2010 Survey and Second Place in 2016.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Auto Service - Gas-Conv

Tesla (NASDAQ: TSLA) Service Center w/ Annual Increases | Minneapolis-St. Paul MSA | 2022 Renovation

Listing Price: $10,494,696

Cap Rate
5.87%
Tenant Name
Tesla
Years Remaining On Lease
10.0
Gross SF
45,543
Guarantor
Corporate Guarantee
Rentable SF
45,543
Price/Gross SF
$230.43
Lease Type
Double Net
Rent Per Square Feet
$13.52

Investment Highlights

  • Long Term Lease Featuring 2% Annual Rental Increases Throughout the Initial Term and Options. Complete 2022 Renovation. Roof Newly Renovated with a new 20 Year Warranty.
  • Only Tesla Service Station with a Collision Center in Region - Next Nearest Being Chicago (400+ miles) and Des Moines (250 miles).
  • Positioned Along Area's Major Industrial, Office & Traffic Corridor - Features Easy Access & Visibility. In Close Proximity to US Hwy-212 (111k+ VPD) and MN-5 (44k+ VPD).
  • Positioned Along Area's Major Industrial, Office & Traffic Corridor - Features Easy Access & Visibility. In Close Proximity to US Hwy-212 (111k+ VPD) and MN-5 (44k+ VPD).
  • Strong Daytime Employment Area - Surrounded by Numerous Established Corporate HQ's, Business Parks and Regional Office Spaces.
  • The City contains some of the most desirable Residential Neighborhoods in the Metro area - Less than 20 Minutes from Downtown Minneapolis, the International Airport and the Mall of America.
  • Densely Populated & Affluent Area: Features an Average Household Income of $141k+ within a 3-Mile Radius and over 136k People Residing within a 5-Mile Radius. One of the Fastest Growing Communities in Minnesota. Minutes from Eden Prairie Center - a 1.4M Sq.Ft., Two Level, Enclosed Shopping Center featuring more than 90 Shops & Restaurants, serving the Southwest Suburbs of the Twin Cities.
  • In Close Proximity to Numerous Auto Dealerships and Auto Service Centers including Chevrolet, Nissan, Ford and many more. Eden Prairie has been featured as one of Money Magazine's "Best Places to Live" in America several times since 2006. It earned First Place in the 2010 Survey and Second Place in 2016.

Investment Overview

Eden Prairie is a city 12 miles southwest of downtown Minneapolis in Hennepin County and the 15th-largest city in the State of Minnesota. As of the 2020 census, it has a population of 64,198. The city is adjacent to the north bank of the Minnesota River, upstream from its confluence with the Mississippi River. Set in the Twin Cities’ outer suburbs, Eden Prairie is part of the southwest portion of Minneapolis–Saint Paul, the 16th-largest metropolitan area in the United States, with approximately 3.6 million residents. The community was designed as a mixed-income city model, and is home to 7,213 commercial firms, including the headquarters of SuperValu, C.H. Robinson Worldwide, Winnebago Industries, Starkey Hearing Technologies, Lifetouch Inc., SABIS, and MTS Systems Corporation. It contains the Eden Prairie Center mall and is the hub of SouthWest Transit, providing public transportation to three adjacent suburbs. The television stations KMSP and WFTC are based in Eden Prairie. The nonprofit news organization Eden Prairie Local News (EPLN) also serves the community. The area features numerous municipal and regional parks, conservation areas, multi-purpose trails, and recreational facilities. There are more than 170 miles of multi-use trails, 2,250 acres of parks, and 1,300 acres of open space. Popular recreational areas include Staring Lake, Lake Riley, Purgatory Creek, Miller Park, Round Lake, and the Minnesota River Bluffs Regional Trail. Eden Prairie has been featured as one of Money magazine’s “Best Places to Live” in America several times since 2006. It earned first place in the 2010 survey and second place in 2016.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

MM Texture Background
MM Textured Background Lower