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Tesla - NN Lease 1580 Church St 18,200 SF Retail Building Decatur, GA 30033 $8,135,746 CAD ($447.02 CAD/SF) 4.47% Cap Rate
Investment Highlights
- Long-term net leased Tesla Sales & Delivery Center located in the highly desirable Decatur submarket of Metro Atlanta
- Attractive 15% scheduled rental increase in October 2027
- Below-market rent provides future upside potential
- 18,200 SF facility situated on a 2.68-acre site with excellent visibility and full access along Church Street
- NN lease - New roof in 2019
- Strategic infill location adjacent to Nalley BMW and directly across from a Whole Foods-anchored retail center, Walmart Supercenter and Sprouts
Executive Summary
This investment opportunity consists of a Tesla Sales & Delivery Center strategically located at 1580 Church Street in Decatur, Georgia. The Property comprises an approximately 18,200-square-foot facility situated on 2.68 acres and serves as a key sales and delivery hub for Tesla, one of the world's leading electric vehicle and clean energy companies. Renovated in 2019, the Property has been improved to support Tesla's operational requirements and brand standards, creating a highly functional automotive retail asset.
The Property is leased under a net lease structure and benefits from an early 10- year lease renewal, a scheduled 15% rent increase in 2027, and below-market rental rates that provide long-term value enhancement potential. With no remaining renewal options following the current lease term, investors are afforded future flexibility through lease restructuring, re-tenanting, or redevelopment opportunities in one of Metro Atlanta's most desirable infill markets.
The Property is leased under a net lease structure and benefits from an early 10- year lease renewal, a scheduled 15% rent increase in 2027, and below-market rental rates that provide long-term value enhancement potential. With no remaining renewal options following the current lease term, investors are afforded future flexibility through lease restructuring, re-tenanting, or redevelopment opportunities in one of Metro Atlanta's most desirable infill markets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
18,200 SF
Building Class
B
Year Built
1986
Price
$8,135,746 CAD
Price Per SF
$447.02 CAD
Cap Rate
4.47%
NOI
$363,902 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.68 AC
Zoning
C2
Parking
300 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
260’ on Church St
Amenities
- Car Charging Station
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Manufacturing
-
99,999 SF
- -
-
Lorem Ipsum
- -
Tesla began in 2003 as Tesla Motors, founded by Martin Eberhard and Marc Tarpenning, and later took the Tesla name in its shift toward a broader clean-energy identity. Tesla develops battery-electric vehicles and related software, along with energy generation and storage products that include solar offerings and home and grid-scale battery systems. The company's business spans automotive, solar, and energy storage, with products and services built around electric mobility and integrated renewable energy use.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Manufacturing | 99,999 SF | - | Lorem Ipsum | - |
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-049-12-017 | Improvements Assessment | $672,597 CAD |
| Land Assessment | $1,914,315 CAD | Total Assessment | $2,586,912 CAD |
Property Taxes
Parcel Number
18-049-12-017
Land Assessment
$1,914,315 CAD
Improvements Assessment
$672,597 CAD
Total Assessment
$2,586,912 CAD
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Tesla - NN Lease | 1580 Church St
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