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Auto Dealership

Tesla Dealership & Body Shop | Sole Location in Baltimore Region |Baltimore MSA

9428 Reisterstown Rd, Owings Mills, MD 21117

Listing Price: $12,150,000

Cap Rate
6.75%
Tenant Name
Tesla
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
52,020
Lease Type
Double Net
Rent Per Square Feet
$15.76

Investment Overview

Recent Expansion – Tesla demonstrated its commitment to this location with a recent expansion at its own cost and expense without any inducement or TI allowance. The Tenant expanded into an 18,274-square-foot building in the rear of the site. In addition to this new lease, Landlord has put on a new roof on the rear building. This now serves as the Tesla service center behind the tenant’s showroom, which points to the necessity of this site as the Tesla brand has expanded. Limited Competition; 20+ Mile Trade Radius – With seven Tesla showrooms in the Mid-Atlantic region, the Tenant benefits from very limited competition. The nearest locations are 47 miles to the south in Bethesda, Maryland, and 71 miles to the north in Newark, Delaware. According to Placer.ai geofencing data, this location received 40.9 thousand visits in the last year, which ranks it 2nd of those in the region and 26th overall of 77 locations in the United States.

Investment Highlights

  • High Identity And Creditworthy Brand; $31.5 Billion in Revenue
  • Recent Expansion Demonstrates Commitment to Location
  • Second Best in Delmarva Region with 40K Visits by Placer.ai

Exclusively Listed By

Auto Dealership

Tesla Dealership & Body Shop | Sole Location in Baltimore Region |Baltimore MSA

Listing Price: $12,150,000

Cap Rate
6.75%
Tenant Name
Tesla
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
52,020
Lease Type
Double Net
Rent Per Square Feet
$15.76

Investment Highlights

  • High Identity And Creditworthy Brand; $31.5 Billion in Revenue
  • Recent Expansion Demonstrates Commitment to Location
  • Second Best in Delmarva Region with 40K Visits by Placer.ai

Investment Overview

Recent Expansion – Tesla demonstrated its commitment to this location with a recent expansion at its own cost and expense without any inducement or TI allowance. The Tenant expanded into an 18,274-square-foot building in the rear of the site. In addition to this new lease, Landlord has put on a new roof on the rear building. This now serves as the Tesla service center behind the tenant’s showroom, which points to the necessity of this site as the Tesla brand has expanded. Limited Competition; 20+ Mile Trade Radius – With seven Tesla showrooms in the Mid-Atlantic region, the Tenant benefits from very limited competition. The nearest locations are 47 miles to the south in Bethesda, Maryland, and 71 miles to the north in Newark, Delaware. According to Placer.ai geofencing data, this location received 40.9 thousand visits in the last year, which ranks it 2nd of those in the region and 26th overall of 77 locations in the United States.

Exclusively Listed By

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