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Tesla Supercharger 2115 1st Ave S 700 SF Retail Building Birmingham, AL 35233 $1,527,439 CAD ($2,182.06 CAD/SF) 6.75% Cap Rate
Investment Highlights
- 7+ Years Remaining | Scheduled Rental Increases |28 Superchargers
- Strong Demographics In 5-Mile Trade Area
- US Hwy 280 (81,400 VPD) | Retail Corridor |Strong National/Credit Tenant Presence
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a Tesla Supercharger located in Birmingham, Alabama. The tenant, Tesla, Inc., has over 7 years remaining on its 10-year lease with options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The landlord has a termination right in option period.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
700 SF
Building Class
B
Year Built
2024
Price
$1,527,439 CAD
Price Per SF
$2,182.06 CAD
Cap Rate
6.75%
NOI
$103,069 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
28 Spaces (40 Spaces per 1,000 SF Leased)
Amenities
- Car Charging Station
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-00-36-4-019-005.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $58,137 CAD |
Property Taxes
Parcel Number
22-00-36-4-019-005.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$58,137 CAD
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Tesla Supercharger | 2115 1st Ave S
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