7101 Glenwood Ave | Raleigh, NC 27612
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- LoopNet Team
7101 Glenwood Ave
Raleigh, NC 27612
TESLA · Retail Property For Sale
Investment Highlights
- This site was a majorly renovated retrofit for Tesla back in 2020 offering a newly signed 11 year corporately guaranteed lease.
- The site sits on the highly trafficked Glenwood Ave., which sees approximately 43,000 vehicles per day.
- Offers its landlord attractive 2% annual rental increase to provide a hedge against inflation, equity preservation in the property
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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