Auto Service - Gas-Conv

Tesla Service Center | Fortune 500 Company | Affluent Chicago Suburb

320 West Golf Rd, Schaumburg (Chicago MSA), IL 60195

Listing Price: $11,823,077

Cap Rate
6.50%
Tenant Name
Tesla, Inc.
Years Remaining On Lease
8.90
Gross SF
27,032
Guarantor
Corporate Guarantee
Rentable SF
27,032
Price/Gross SF
$437.37
Lease Type
Double Net
Rent Per Square Feet
$28.43

Investment Overview

Schaumburg is part of the Chicago MSA and situated in the “Golden Corridor”, an area of communities with a strong economic base and home to several Fortune 500 company’s headquarters, major office parks, high-end shopping centers, restaurants, hotels and highly-regarded medical facilities. Home to over 9.6 million residents, the Chicago MSA is the third largest metropolitan area in the United States.

Investment Highlights

  • New 10 Year Lease Featuring Rental Increases Every 5 Years throughout the Initial Term and Options. 2019 Renovation.
  • Positioned Along Area's Major Auto Service & Traffic Corridor: Features Easy Access and Excellent Visibility to Daily Traffic Counts Exceeding 39k Vehicles.
  • Tesla has had Continued Success and is one of the Top Automobile Manufacturers in the U.S. w/ a Market Capitalization in Excess of $47B (as of 2019). Tesla is Currently Ranked #260 on Fortune 500.
  • Walking Distance from Numerous Auto Dealerships Including Mercedes-Benz, Maserati, Alpha Romeo, Mazda, Audi, Toyota, Land Rover, Subaru and many more.
  • Densely Populated Affluent Area: Features an Average Household Income of $100k+ and 244k+ People Residing within a 5-Mile radius.
  • In Close Proximity to Woodfield Mall - A Simon Super Regional Mall that features more than 300 Stores. It is one of the Largest Malls in the U.S. with Over 27 Million Annual Visitors.

Exclusively Listed By

Auto Service - Gas-Conv

Tesla Service Center | Fortune 500 Company | Affluent Chicago Suburb

Listing Price: $11,823,077

Cap Rate
6.50%
Tenant Name
Tesla, Inc.
Years Remaining On Lease
8.90
Gross SF
27,032
Guarantor
Corporate Guarantee
Rentable SF
27,032
Price/Gross SF
$437.37
Lease Type
Double Net
Rent Per Square Feet
$28.43

Investment Highlights

  • New 10 Year Lease Featuring Rental Increases Every 5 Years throughout the Initial Term and Options. 2019 Renovation.
  • Positioned Along Area's Major Auto Service & Traffic Corridor: Features Easy Access and Excellent Visibility to Daily Traffic Counts Exceeding 39k Vehicles.
  • Tesla has had Continued Success and is one of the Top Automobile Manufacturers in the U.S. w/ a Market Capitalization in Excess of $47B (as of 2019). Tesla is Currently Ranked #260 on Fortune 500.
  • Walking Distance from Numerous Auto Dealerships Including Mercedes-Benz, Maserati, Alpha Romeo, Mazda, Audi, Toyota, Land Rover, Subaru and many more.
  • Densely Populated Affluent Area: Features an Average Household Income of $100k+ and 244k+ People Residing within a 5-Mile radius.
  • In Close Proximity to Woodfield Mall - A Simon Super Regional Mall that features more than 300 Stores. It is one of the Largest Malls in the U.S. with Over 27 Million Annual Visitors.

Investment Overview

Schaumburg is part of the Chicago MSA and situated in the “Golden Corridor”, an area of communities with a strong economic base and home to several Fortune 500 company’s headquarters, major office parks, high-end shopping centers, restaurants, hotels and highly-regarded medical facilities. Home to over 9.6 million residents, the Chicago MSA is the third largest metropolitan area in the United States.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower