760-932-0141
18011 Mitchell S, Irvine, CA for Sale
Showroom - FOR SALE
1/10
null | Request Cap Rate

18011 Mitchell S
Irvine, CA 92614


HIGHLIGHTS

  • New 10-Year Lease | Above Market Scheduled Rental Increases | Investment Grade Tenant | Well-Known & Established Brand
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Promising Future for California Vehicle Market
  • Located at a Hard Corner Intersection | Centralized Location
  • Dense Retail Trade Area | Major Nearby Shopping Centers | John Wayne Airport | High Barriers To Entry
  • Direct Residential Consumer Base | Affluent Community |Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, investment grade, Tesla Collision Center investment property located in Irvine, CA (Los Angeles MSA). The tenant, Tesla, Inc. (dba Tesla Motors, Inc.), recently signed a brand new 10-year lease with 2 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features rare, above market 3.50% annual rental increases throughout the initial term and options with a FMV increase at the beginning of option 2. The lease is signed by the corporate entity (S&P: BBB) and is NNN leased with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Tesla is one of the world’s most valuable companies and remains the world’s most valuable automaker.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tesla Collision Center | New 10yr Corp NNN

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Freestanding, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

135

LAND DETAILS

LAND ACRES

2.44

LAND SF

106,286

ZONING

IBC

APN/PARCEL ID

427-251-01

ASK ABOUT THIS PROPERTY

Patrick WeibelSRS Real Estate PartnersMore Info
760-932-0141

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Patrick WeibelSRS Real Estate PartnersMore Info
760-932-0141

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.