6010 Richmond Ave - Auto Repair FOR SALE


Houston, TX 77057- Uptown Houston
$23,465,000 USD
510-289-1166
6010 Richmond Ave, Houston, TX for Sale
$23,465,000 USD
Auto Repair - FOR SALE
1/2
null | Request Cap Rate

6010 Richmond Ave
Houston, TX 77057
Uptown Houston


HIGHLIGHTS

  • New Long-Term Lease to Tesla in Desirable Uptown/Galleria Area of Houston
  • Corporate Guaranty from Tesla, Inc. (NASDAQ: TSLA)
  • Rare Annual Rental Increases
  • Mission-Critical Location in Close Proximity to the I-69/I-610 Interchange
  • The Houston Region is Seeing the Second Largest Population Surge in the U.S.
  • Over 532,000 Total Population and $134,000+ Average Household Income within 5 Miles

OVERVIEW

The property is an ideal site for Tesla Collision Center in line with the company’s site selection criteria. The location benefits from strong intrinsics due both to its strategic location close to the intersection of the I-69/I-610 Interchange in a dense multi-use area comprised of retail, industrial and residential. Tesla has found that their collision centers benefit from high visibility resulting in increased customer traffic. Tesla has seen substantial revenue growth in company-owned auto body shops and has been opening them in many large markets in close proximity to their Sales, Service & Delivery Centers. This site is located 3.5 miles from the Tesla Showroom located on Westheimer Road, which is in line with that strategy. Tesla has observed a strong correlation between the addition of collision center locations such as this property in a market and increased demand for Tesla vehicles. This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

FOR SALE DETAILS

PRICE

$23,465,000 USD

PRICE/SF

$442 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tesla Collision Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

378

LAND DETAILS

LAND ACRES

4.67 AC

LAND SF

203,425 SF

ZONING

NA

APN/PARCEL ID

-

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.