Auto Dealership
Tesla Store & Service Center | Recent Expansion & Long-Term Extension | 500K+ People in 10-Miles
881 Boston Post Rd, Milford, CT 06460
Listing Price: $14,092,000
Cap Rate
6.75%
Tenant Name
Tesla, Inc.
Years Remaining On Lease
11.0
Guarantor
Corporate Guarantee
Rentable SF
71,134
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.37
Investment Overview
Marcus & Millichap is pleased to present a Tesla Store & Service Center located in Milford, CT (New Haven MSA).
Tesla Store & Service Center | Recent Expansion & Long-Term Extension | 500K+ People in 10-Miles
Investment Highlights
- Corporate Guarantee (NASDAQ: TSLA – $1.09T Market Cap)
- Recent Expansion & Early Extension Showing Commitment to Site
- Flagship Location for Tesla in CT - One of Two SSD Facilities in the State
- Rare Annual Rent Increases with Minimal Landlord Responsibilities
- Well-Below Market Rent for Tesla ($15.30/SF)
- Dense Location with Strong Traffic Drivers
Exclusively Listed By
Broker of Record
-
John Krueger
VP, National Director of Development and Training
Financing By
Auto Dealership
Tesla Store & Service Center | Recent Expansion & Long-Term Extension | 500K+ People in 10-Miles
Listing Price: $14,092,000
Cap Rate
6.75%
Tenant Name
Tesla, Inc.
Years Remaining On Lease
11.0
Guarantor
Corporate Guarantee
Rentable SF
71,134
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.37
Investment Highlights
- Corporate Guarantee (NASDAQ: TSLA – $1.09T Market Cap)
- Recent Expansion & Early Extension Showing Commitment to Site
- Flagship Location for Tesla in CT - One of Two SSD Facilities in the State
- Rare Annual Rent Increases with Minimal Landlord Responsibilities
- Well-Below Market Rent for Tesla ($15.30/SF)
- Dense Location with Strong Traffic Drivers
Investment Overview
Marcus & Millichap is pleased to present a Tesla Store & Service Center located in Milford, CT (New Haven MSA).
Exclusively Listed By
Broker of Record
-
John Krueger
VP, National Director of Development and Training
Financing By
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