510-289-1166
700 York Rd, Warminster, PA for Sale
Auto Dealership - FOR SALE
1/2
null | 6.3% Cap Rate

700 York Rd
Warminster, PA 18974


HIGHLIGHTS

  • New Long Term Lease to Tesla (NASDAQ: TSLA)
  • Annual Rent Increases
  • Strategic Location Neighboring Top-Performing Auto Dealerships
  • Oversized 9+ Acre Lot Offers Expansion Potential to Support Growing Vehicle Delivery Volumes
  • Tesla has Been Profitable for 20 Consecutive Quarters
  • Philadelphia MSA Location - MSA Population of 6,245,051 & MSA GDP of $518.5 Billion

OVERVIEW

The property is an ideal site for Tesla in line with the company’s site selection criteria. The location benefits from strong intrinsics due to its strategic location serving the greater Philadelphia and Trenton, NJ markets, as well as its proximity to other auto dealerships. 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. 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. The subject property is prominently located with excellent access and visibility along York Road (30,331 AADT). The site benefits from robust demographics with a total population of 1,941,626 within a 15 mile radius. Average household income within 10 miles of the site is $154,173. The site benefits from a strategic “Auto Row” location neighboring numerous other car dealerships; Tesla has found that proximity to other auto dealerships increases sales and foot traffic to their Sales, Service, and Delivery locations. Nearby car dealerships include Patriot Chevrolet (top 20% location in PA, per Placer.ai), O’Neil Nissan (top 15% location in PA), and O’Neil Buick GMC (top 15% location in PA). In Association with Scott Reid & ParaSell, Inc. | A Licensed Pennsylvania Broker #RB069068

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tesla Sales, Service, & Delivery

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

204

LAND DETAILS

LAND ACRES

9.15 AC

LAND SF

398,574 SF

ZONING

CFR2

APN/PARCEL ID

49-009-043

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.