7101 Glenwood Ave | Raleigh, NC 27612
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- LoopNet Team
7101 Glenwood Ave
Raleigh, NC 27612
Tesla - Raleigh, NC · Retail Property For Sale
Investment Highlights
- Brand-New Long-Term Lease: This site was a majorly renovated retrofit for Tesla offering a newly signed 11 year corporately guaranteed lease
- Rent Increases: This site offers its landlord attractive 2% annual rental increase to provide a hedge against inflation
- Strategic “Research Triangle” Region: This site is home to multiple universities and is a hub for technology and biotech companies
- Exploding Tenant: With recent upgrades from S&P (BB+) and Moody’s (Ba1), Tesla is cited as having a continued positive outlook
- Flagship Location: This Tesla dealership and Service Plus location is one of only two Service Centers in the Carolinas
- Robust & Affluent Demographics: Raleigh, NC is one of the fastest growing metros in the America, with an estimated 64 new residents per day relocating
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Dealership
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 |
PROPERTY TAXES
Parcel Number
0786.06-49-3392-000
Land Assessment
$2,513,976
Improvements Assessment
$10,511,951
Total Assessment
$13,025,927
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