24050 Creekside Rd - Auto Dealership FOR SALE


Valencia, CA 91355
$41,654,000 USD
760-932-0141
24050 Creekside Rd, Valencia, CA for Sale
$41,654,000 USD
Auto Dealership - FOR SALE
1/13
null | 5% Cap Rate

24050 Creekside Rd
Valencia, CA 91355


HIGHLIGHTS

  • Brand New 15-Year Lease | 3% Annual Rental Increases | Options to Extend | Well Known & Established Tenant
  • NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • River Oaks Shopping Center (275,000 SF) | Dense Retail Corridor |Multiple Nearby Apartment Complexes | Strong Tenant Synergy
  • Signalized, Hard Corner Intersection | Interstate 5 (181,000 VPD) | Six Flags Magic Mountain (3.6 Million Annual Visitors)
  • Strong Demographics In 5-Mile Trade Area | Six-Figure Incomes Not Subject to Mansion Tax | 5th Highest Valued City in LA County

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, investment grade (S&P: BBB), Tesla investment property located in Santa Clarita, California (Los Angeles MSA). The tenant, Tesla Motors, Inc recently signed a brand new 15-year lease, commencing Sept. 2024, with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 3% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The NNN lease structure allows a future investor to recover all operating expenses, excluding a management fee. The tenant, Tesla Motors, Inc. is one of the world’s most valuable companies and remains the world’s most valuable automaker with a market capitalization of almost $600 billion. Also, with the site being located in Santa Clarita, the subject property is excluded from the new LA City mansion tax.

FOR SALE DETAILS

PRICE

$41,654,000 USD

PRICE/SF

$1,063 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tesla | New 15yr Corp NNN | S&P: BBB

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

168

LAND DETAILS

LAND ACRES

3.21 AC

LAND SF

139,828 SF

ZONING

CR

APN/PARCEL ID

2811-025-014,2811-025-087

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.