Casal Group is pleased to offer this net lease investment with Tesla, Inc. The property is located within AVE Aviation & Commerce Center, a 2.5M square foot business park, with tenants that include Amazon, the US Postal Service, and Race Trac.
The property maintains 2,500 square feet situated on 3 acres, and is fully paved, fenced and lighted. The tenant, Tesla, Inc., is an American multinational automotive and clean energy company with a 10-year lease.
VALUABLE TENANT: Tesla, Inc.
LONG TERM LEASE: 10.5 years, with additional options up to 25 years
CASH FLOW: Current NOI: $618,000 NNN / Solid net cash flow with 3% annual increases
LOCATION / EXPOSURE: Excellent frontage on Red Road (50,000 cars/day) / Hard corner entrance into the park.
ZONING: GP Zoning provides for future flexibility for retail, hotels, and industrial.


