Tesla Collision Center | New 10yr Corp NNN 18011 Mitchell S

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.