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Auto Dealership

Tesla

54 Montauk Hwy, Southampton, NY 11968

Listing Price: $17,769,000

Cap Rate
4.00%
Tenant Name
Tesla
Years Remaining On Lease
10.2
Gross SF
19,500
Guarantor
Corporate Guarantee
Rentable SF
19,500
Price/Gross SF
$911.23
Lease Type
Double Net
Rent Per Square Feet
$35.89

Investment Overview

Landlord responsible for roof & structure. 10 Year NN Lease with Corporate Guarantee. Traffic Counts on Montauk Exceeding 20,000+ Vehicles per Day. Prime Parcel on Montauk Highway, near numerous area demand drivers including Hampton Bays LIRR Station, Southampton High School, & the Hampton Jitney stop.

Investment Highlights

  • 19,500 SF Building Resting on 2.9-acre parcel
  • 10 Year NN Lease; LL Responsible for Roof & Structure
  • Affluent, High-barrier to entry market

Exclusively Listed By

Listing Price: $17,769,000

Cap Rate
4.00%
Tenant Name
Tesla
Years Remaining On Lease
10.2
Gross SF
19,500
Guarantor
Corporate Guarantee
Rentable SF
19,500
Price/Gross SF
$911.23
Lease Type
Double Net
Rent Per Square Feet
$35.89

Investment Highlights

  • 19,500 SF Building Resting on 2.9-acre parcel
  • 10 Year NN Lease; LL Responsible for Roof & Structure
  • Affluent, High-barrier to entry market

Investment Overview

Landlord responsible for roof & structure. 10 Year NN Lease with Corporate Guarantee. Traffic Counts on Montauk Exceeding 20,000+ Vehicles per Day. Prime Parcel on Montauk Highway, near numerous area demand drivers including Hampton Bays LIRR Station, Southampton High School, & the Hampton Jitney stop.

Exclusively Listed By

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