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Auto Dealership

Tesla Store & Service Center | Regional Hub Location for RI | 372,000+ People in 5-Miles

77 Reservoir Ave, Providence, RI 02907

Listing Price: $15,498,000

Cap Rate
6.25%
Tenant Name
Tesla, Inc.
Years Remaining On Lease
8.6
Guarantor
Corporate Guarantee
Rentable SF
77,985
Lease Type
Double Net
Rent Per Square Feet
$12.42

Investment Overview

Marcus & Millichap is pleased to present a Tesla Store & Service Center located in Providence, Rhode Island.

Investment Highlights

  • Corporate Guarantee (NASDAQ: TSLA – $1.09T Market Cap)
  • Regional Hub and Flagship Rhode Island SSD Location | One of Largest Facilities on East Coast
  • New 10-Year Lease | 10 Percent Rental Increases Every Five Years | Minimal Landlord Responsibilities
  • Well-Below Market Rent for Average Tesla and Local Providence Market
  • Dense Trade Area with Strong Traffic Drivers – 723k+ People in 10-Miles

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s) RI: REB.0019374

    Rhode Island

Financing By

Auto Dealership

Tesla Store & Service Center | Regional Hub Location for RI | 372,000+ People in 5-Miles

Listing Price: $15,498,000

Cap Rate
6.25%
Tenant Name
Tesla, Inc.
Years Remaining On Lease
8.6
Guarantor
Corporate Guarantee
Rentable SF
77,985
Lease Type
Double Net
Rent Per Square Feet
$12.42

Investment Highlights

  • Corporate Guarantee (NASDAQ: TSLA – $1.09T Market Cap)
  • Regional Hub and Flagship Rhode Island SSD Location | One of Largest Facilities on East Coast
  • New 10-Year Lease | 10 Percent Rental Increases Every Five Years | Minimal Landlord Responsibilities
  • Well-Below Market Rent for Average Tesla and Local Providence Market
  • Dense Trade Area with Strong Traffic Drivers – 723k+ People in 10-Miles

Investment Overview

Marcus & Millichap is pleased to present a Tesla Store & Service Center located in Providence, Rhode Island.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s): RI: REB.0019374

    Rhode Island

Financing By

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