Tesla Collision Center | 6010 Richmond Ave
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Tesla Collision Center 6010 Richmond Ave
53,111 SF Retail Building Houston, TX 77057 $24,532,000 ($462/SF)
Investment Highlights
- New Long-Term Lease to Tesla in Desirable Uptown/Galleria Area of Houston
- Rare Annual Rental Increases
- The Houston Region is Seeing the Second Largest Population Surge in the U.S.
- Corporate Guaranty from Tesla, Inc. (NASDAQ: TSLA)
- Mission-Critical Location in Close Proximity to the I-69/I-610 Interchange
- Over 532,000 Total Population and $134,000+ Average Household Income within 5 Miles
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
53,111 SF
Building Class
B
Year Built/Renovated
1991/2023
Price
$24,532,000
Price Per SF
$462
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Land Acres
4.67 AC
Zoning
NA
Parking
378 Spaces (7.12 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Walk Score ®
Very Walkable (88)
Nearby Major Retailers
-
Putnam Daily -
Lindsey Snider -
Fisher James Capital
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Tesla Collision Center | 6010 Richmond Ave
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