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Tesla Sales and Service Center 5180 Mayfield Rd 24,609 SF Retail Building Lyndhurst, OH 44124 $7,428,444 CAD ($301.86 CAD/SF) 6.75% Cap Rate

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Investment Highlights

Strategically Situated with Direct Frontage to Mayfield Road [US Route 322] a major commercial corridor servicing the Community
Investment Grade Tenant | NASDAQ: TSLA
Desirable Demographics | 209,000+ people live within a five-mile radius with an Average Household Income exceeding $119K+

Crucial Location – One of ONLY Five Tesla Sales & Services Centers in the State of Ohio
Historical Successful Operating History at Site since 2015
Located along Mayfield Road (21,800 AADT) and within proximity to Interstate 271 (129,000 VPD)

Executive Summary

CBRE is pleased to exclusively market for sale a single tenant, net-leased Tesla Sales and Service Center located in Lyndhurst, Ohio, within the Cleveland MSA. Tesla has operated successfully at this location since 2015, highlighting the site’s long-term strategic importance. This property represents one of only five Tesla sales and service centers in Ohio and is the only location within the Cleveland MSA, operating seven days per week. Tesla maintains an investment grade “BBB” credit rating from Standard & Poor’s. The lease was extended in 2020 through January 2030, demonstrating the tenant’s continued commitment. The lease includes three five-year renewal options, each with rental escalations.
The 24,609±SF facility is well positioned along Mayfield Road (US Route 322), a major commercial corridor carrying approximately 21,800 VPD, and benefits from close proximity to Interstate 271, which sees traffic volumes exceeding 129,000 VPD. The property is surrounded by a strong mix of national retailers and institutions, including CVS, Chase Bank, ALDI, PNC Bank, and 7 Brew. The surrounding five-mile trade area is home to more than 209,000 residents with an average household income exceeding $119,000, supporting sustained demand for Tesla’s sales and service operations. Tesla, Inc. is a leading electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, Tesla designs, manufactures, and sells electric vehicles, energy storage solutions, and solar products. Its vehicle lineup includes the Model S, Model 3, Model X, and Model Y, as well as the Cybertruck, introduced in late 2023.

Tesla-Lyndhurst OH_OM

Financial Summary (Actual - 2025)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$501,420	$21.40

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual	-
Annual Per SF	-

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	-
Annual Per SF	-

Net Operating Income (CAD)
Annual	$501,420
Annual Per SF	$21.40

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Auto Dealership

Building Size

24,609 SF

Building Class

Year Built/Renovated

1962/2014

Price

$7,428,444 CAD

Price Per SF

$301.86 CAD

Cap Rate

6.75%

NOI

$501,420 CAD

Tenancy

Single

Building Height

2 Stories

Building FAR

0.29

Lot Size

1.98 AC

Zoning

C, Lyndhurst

Parking

200 Spaces (8.13 Spaces per 1,000 SF Leased)

Frontage

80’ on Mayfield Rd

Pylon Sign

Signage

Car Charging Station

Major Tenants

Manufacturing
-
-
Double Net
Jan 2030

Tesla designs sustainable systems that are massively scalable—resulting in the greatest environmental benefit possible. Their energy generation and storage products work together with their electric vehicles to amplify their impact. Their vehicles are some of the safest in the world. After safety, their goal is to make every Tesla the most fun they could possibly have in a vehicle. They build features that make being in their vehicle more enjoyable—from gaming to movies, easter eggs and more. With over-the-air software updates, Tesla regularly introduces features at the push of a button. To shift humanity away from fossil fuels, they need extreme scale. Headquartered in Texas, Tesla operates six huge, vertically integrated factories across three continents. With many employees, their teams design, build, sell and service their products in-house.