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Tesla Sales, Service & Delivery 10615 Twin Lakes Pky 47,025 SF 4-Star Retail Building Charlotte, NC 28269 For Sale 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 47,025-square-foot Tesla Sales, Service & Delivery facility on 8.65 acres, offered free and clear of debt.
- Premier auto row positioning among Lexus, BMW & Audi with exposure to ~200,000 vehicles per day.
- Tesla continues to outperform with record Q3 2025 deliveries (+7% YoY) and 24 straight profitable quarters.
- Long-term corporate lease to Tesla Inc. (NASDAQ: TSLA) with annual rent increases.
- Affluent Northlake trade area: 149,000 residents within 5 miles, and $137,000 average household income.
- Institutional-quality net lease asset aligned with Tesla’s expansion strategy for larger Sales, Service & Delivery facilities.
EXECUTIVE SUMMARY
The 47,025-square-foot building sits on 8.65 acres and serves multiple functions for Tesla, including sales, service, repair, charging, delivery, and body work, with substantial vehicle storage and customer parking. The lease is guaranteed by Tesla, Inc. (NASDAQ: TSLA) under a net structure with annual rent increases. The asset will be delivered free and clear of permanent financing.
Tesla remains one of the world’s most valuable companies, with a $1.33 trillion market CAP as of October 2025. The brand continues to outperform peers, reporting record deliveries and energy deployments in Q3 2025, up 7% year-over-year, and maintaining profitability for 24 consecutive quarters.
The site’s strategic Northlake location places it among major national and luxury auto dealerships, including Lexus, BMW, Audi, and Mercedes-Benz, aligning directly with Tesla’s expansion strategy toward larger, full-service facilities. Its dual frontage along Twin Lakes Parkway and Statesville Road offers excellent visibility to roughly 200,000 vehicles per day, with immediate access to Interstates 77 and 485.
Charlotte continues to rank among the fastest-growing metropolitan areas in the Southeast. Within a five-mile radius of the property, the population exceeds 149,000 with average household incomes above $137,000. Adjacent to the site, 19.8 acres are planned for a 300-unit multifamily community, reinforcing long-term retail and service demand.
Leased to an investment-grade corporate tenant in a supply-constrained submarket, 10615 Twin Lakes Parkway offers durable income, intrinsic land value, and strong alignment with Tesla’s continued market growth.
This property is listed in conjunction with North Carolina–licensed real estate broker David Edmonds.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
AMENITIES
- Signage
ABOUT NORTHEAST CHARLOTTE
Northeast Charlotte includes some of the city’s most popular entertainment districts and residential areas such as the North Davidson Arts District, or NoDa. Northeast Charlotte encompasses areas just outside the central business district of Uptown as well as the University of North Carolina at Charlotte and its 30,000 students.
Recent infrastructure investments have brought light rail transit through the area, spurring new apartment development near the NoDa/36th Street and Sugar Creek stations of the LYNX Blue Line Extension. Adaptive reuse of industrial and neighborhood center developments has opened new opportunities for neighborhood retailers. Mixed-use retail and office projects such as Indigo CLT have taken advantage of proximity to transit and a growing population with increasing buying power to revitalize warehouse properties into entertainment or work destinations.
An increasingly valuable location, Northeast Charlotte has seen retail rents increase and retail vacancy rates decline over the past year. Area rents command a premium over broader market rates. Within quick commuting distance of Charlotte’s Center City, home prices in parts of Northeast Charlotte remain comparatively affordable, and interest in residential redevelopment is increasing. Retail growth is likely to follow.
DEMOGRAPHICS
Demographics
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 025-062-05 | Improvements Assessment | $10,315,232 CAD |
| Land Assessment | $2,033,078 CAD | Total Assessment | $12,348,309 CAD |
PROPERTY TAXES
SALE ADVISORS
SALE ADVISORS
Putnam Daily, Managing Partner
Lindsey Snider, Senior Partner
Presented by
Tesla Sales, Service & Delivery | 10615 Twin Lakes Pky
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