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Auto Service - Gas-Conv

Tesla (NASDAQ: TSLA) Sales & Service Center w/ Annual Increases | Outside San Diego County

43191 Rancho Way, Temecula, CA 92590

Listing Price: $12,112,900

Cap Rate
5.64%
Tenant Name
Tesla
Years Remaining On Lease
9.3
Gross SF
21,382
Guarantor
Corporate Guarantee
Rentable SF
21,382
Price/Gross SF
$566.50
Lease Type
Double Net
Rent Per Square Feet
$28.32

Investment Overview

Temecula is a city in southwestern Riverside County, California. The city is a tourist and resort destination, with the Temecula Valley Wine Country, Old Town Temecula, the Temecula Valley Balloon & Wine Festival, the Temecula Valley International Film Festival, championship golf courses, and resort accommodations for tourists which contribute to the city’s economic profile. Although Temecula is geographically closer to downtown San Diego than downtown Los Angeles, it is considered part of the Greater Los Angeles area. The city of Temecula, forming the southwestern anchor of the Inland Empire region, is approximately 58 miles north of downtown San Diego and 85 miles southeast of downtown Los Angeles. Temecula is bordered by the city of Murrieta to the north and the Pechanga Indian Reservation and San Diego County to the south. Tourism, educational, leisure, professional, finance, and retail sectors contribute to the city’s economy. According to Visit Temecula Valley’s 2018 economic impact report, there was a 26% increase in tourism spending, reaching $1.1 billion spent, up from nearly $900 million spent in 2017.

Investment Highlights

  • Generational Opportunity - Long Term Lease Featuring Above Average 3% Annual Rental Increases Throughout the Initial Term and Options.
  • Complete 2020 Renovation. Sale & Service Location w/ Building that can be Easily Re-Tenanted for Industrial Tenant.
  • Positioned Along Area's Major Retail, Office & Traffic Corridor - Features Easy Access & Visibility. In Close Proximity to Interstate-15 (178k+ VPD).
  • Tesla has had Continued Success and is one of the Top Automobile Manufacturers in the U.S. Tesla is Currently Ranked #124 on Fortune 500.
  • Temecula's Affluence has Increased over the Years, which is Attracting Luxury Brands like Tesla. Temecula Auto Dealers Currently Generate 27 Percent of the City's Sales Tax Revenue.
  • Bedroom Community of Los Angeles and San Diego - Temecula is Typically Characterized as a Commuter Town w/ many of its Residents Commuting to Jobs in San Diego County, Orange County, Los Angeles County, Temecula, and Camp Pendleton.
  • Densely Populated Affluent Area: Features an Average Household Income of $115k+ and over 157k People Residing within a 5-Mile Radius. Population has Grown Over 200% within the last 20 years.
  • Minutes from Promenade Temecula - A 1.4M+ Sq.Ft. Shopping Center featuring more than 170 Stores including Luxury Retailers, Specialty Shops, Restaurants and Services. Near Temecula Town Center - A 65+ Store, 490k+ Sq.Ft. Retail Power Center Anchored by a Target, Vons, CVS Pharmacy, HomeGoods and 24Hour Fitness. In Close Proximity to Temecula Valley Auto Mall - One of Southern California's Largest Auto Mall Clusters Compromised of Numerous Auto-Dealerships and Service Centers.

Exclusively Listed By

Auto Service - Gas-Conv

Tesla (NASDAQ: TSLA) Sales & Service Center w/ Annual Increases | Outside San Diego County

Listing Price: $12,112,900

Cap Rate
5.64%
Tenant Name
Tesla
Years Remaining On Lease
9.3
Gross SF
21,382
Guarantor
Corporate Guarantee
Rentable SF
21,382
Price/Gross SF
$566.50
Lease Type
Double Net
Rent Per Square Feet
$28.32

Investment Highlights

  • Generational Opportunity - Long Term Lease Featuring Above Average 3% Annual Rental Increases Throughout the Initial Term and Options.
  • Complete 2020 Renovation. Sale & Service Location w/ Building that can be Easily Re-Tenanted for Industrial Tenant.
  • Positioned Along Area's Major Retail, Office & Traffic Corridor - Features Easy Access & Visibility. In Close Proximity to Interstate-15 (178k+ VPD).
  • Tesla has had Continued Success and is one of the Top Automobile Manufacturers in the U.S. Tesla is Currently Ranked #124 on Fortune 500.
  • Temecula's Affluence has Increased over the Years, which is Attracting Luxury Brands like Tesla. Temecula Auto Dealers Currently Generate 27 Percent of the City's Sales Tax Revenue.
  • Bedroom Community of Los Angeles and San Diego - Temecula is Typically Characterized as a Commuter Town w/ many of its Residents Commuting to Jobs in San Diego County, Orange County, Los Angeles County, Temecula, and Camp Pendleton.
  • Densely Populated Affluent Area: Features an Average Household Income of $115k+ and over 157k People Residing within a 5-Mile Radius. Population has Grown Over 200% within the last 20 years.
  • Minutes from Promenade Temecula - A 1.4M+ Sq.Ft. Shopping Center featuring more than 170 Stores including Luxury Retailers, Specialty Shops, Restaurants and Services. Near Temecula Town Center - A 65+ Store, 490k+ Sq.Ft. Retail Power Center Anchored by a Target, Vons, CVS Pharmacy, HomeGoods and 24Hour Fitness. In Close Proximity to Temecula Valley Auto Mall - One of Southern California's Largest Auto Mall Clusters Compromised of Numerous Auto-Dealerships and Service Centers.

Investment Overview

Temecula is a city in southwestern Riverside County, California. The city is a tourist and resort destination, with the Temecula Valley Wine Country, Old Town Temecula, the Temecula Valley Balloon & Wine Festival, the Temecula Valley International Film Festival, championship golf courses, and resort accommodations for tourists which contribute to the city’s economic profile. Although Temecula is geographically closer to downtown San Diego than downtown Los Angeles, it is considered part of the Greater Los Angeles area. The city of Temecula, forming the southwestern anchor of the Inland Empire region, is approximately 58 miles north of downtown San Diego and 85 miles southeast of downtown Los Angeles. Temecula is bordered by the city of Murrieta to the north and the Pechanga Indian Reservation and San Diego County to the south. Tourism, educational, leisure, professional, finance, and retail sectors contribute to the city’s economy. According to Visit Temecula Valley’s 2018 economic impact report, there was a 26% increase in tourism spending, reaching $1.1 billion spent, up from nearly $900 million spent in 2017.

Exclusively Listed By

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