7101 Glenwood Ave
Raleigh, NC 27612
Tesla Service Plus Location · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 11-Year Corporate Net Lease to Tesla, Inc. with 2% Annual Rent Increases
- Tesla Has Now Been Profitable for Four Straight Quarters
- This Location is One of Only Two Service Centers in the Carolinas
- Market Capitalization of $380 Billion
- Mission-Critical Location for Flagship Tesla Dealership in the Carolinas & Southeast U.S
- Tenant is Open for Business and Has Certificate of Occupancy
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
38,745 SF
Building Class
B
Year Built/Renovated
1981/2020
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.26
Lot Size
3.46 AC
Zoning
CX-3 - Commercial
Parking
184 Spaces (4.21 Spaces per 1,000 SF Leased)
Frontage
228 FT on Glenwood Ave
PROPERTY TAXES
| Parcel Number | 0786.06-49-3392-000 | Improvements Assessment | $10,511,951 |
| Land Assessment | $2,513,976 | Total Assessment | $13,025,927 |
