311 Shore Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
311 Shore Dr
40,650 SF Retail Building Burr Ridge, IL 60527 For Sale 6.25% Cap Rate
Investment Highlights
- New Long Term Corporate Lease to Tesla, Inc. (NASDAQ: TSLA)
- Investment Grade Rated Baa3 by Moody’s and BBB by S&P
- 2.68 Million Population within 15 Miles & $160,582 AHI within 5 Miles
- Tesla Has Been Profitable for 18 Consecutive Quarters - Reported Net Income of $7.93B in Q4 of 2023
- Location will Serve Highly Populated & Affluent Trade Area in the Chicago MSA
- 20 Miles from Downtown Chicago
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
40,650 SF
Building Class
B
Year Built
2023
Cap Rate
6.25%
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
2.57 AC
Parking
85 Spaces (2.09 Spaces per 1,000 SF Leased)
Frontage
210 FT on Shore Drive
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 09-35-205-008 | Improvements Assessment | $728,590 |
| Land Assessment | $315,120 | Total Assessment | $1,043,710 |
PROPERTY TAXES
Parcel Number
09-35-205-008
Land Assessment
$315,120
Improvements Assessment
$728,590
Total Assessment
$1,043,710
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
311 Shore Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.