510-289-1166
311 Shore Dr, Burr Ridge, IL for Sale
Auto Repair - FOR SALE
1/2
null | 6.25% Cap Rate

311 Shore Dr
Burr Ridge, IL 60527


HIGHLIGHTS

  • New Long Term Corporate Lease to Tesla, Inc. (NASDAQ: TSLA)
  • Tesla Has Been Profitable for 18 Consecutive Quarters - Reported Net Income of $7.93B in Q4 of 2023
  • Investment Grade Rated Baa3 by Moody’s and BBB by S&P
  • Location will Serve Highly Populated & Affluent Trade Area in the Chicago MSA
  • 2.68 Million Population within 15 Miles & $160,582 AHI within 5 Miles
  • 20 Miles from Downtown Chicago

OVERVIEW

STRATEGIC LOCATION - TESLA’S CHICAGOLAND PRESENCE The property is an ideal site for Tesla in line with the company’s site selection criteria. The location benefits from strong intrinsics due both to its strategic Chicagoland location and its highly accessible location near several major transportation routes, including Interstate 55 and Interstate 294. Tesla has found that such locations benefit from high visibility and increased customer traffic and drive increased demand in the markets in which they are located. Given the size of the Chicago MSA market, Tesla has had a growing need to introduce additional Collision Center locations. In addition, Tesla has observed a strong correlation between the addition of new Collision Center and Sales, Service, and Delivery (SSD) locations in a market and increased demand for Tesla vehicles. This property is listed in conjunction with Illinois-licensed real estate broker Quantum Real Estate Advisors.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

2.57 AC

LAND SF

111,991 SF

ZONING

-

APN/PARCEL ID

09-35-205-008

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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