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6800 Orchard Lake Rd
West Bloomfield, MI 48322
Tesla Showroom and Service Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Two building Renovation to Suit Tesla Sales and Service dealership.
- The twelve year lease is guaranteed by Tesla, Inc. and includes a 10% annual increase in Year 6 and at each of the three, five year lease renewal.
- Brand new twelve year NN lease with the Landlord responsible for roof and structure.
- Highly visible as it is prominently positioned on Orchard Lake Road, seeing 51,677 VPD, one half mile north of M-10.
EXECUTIVE SUMMARY
INVESTMENT OFFERING
Fortis Net Lease is pleased to present this two building Renovation to Suit Tesla Sales and Service dealership located at 6800 Orchard Lake Road in West Bloomfield Twp Michigan. The two buildings consists of approximately 41,425 SF for one building and approximately 53,930 SF for the other building totaling approximately 95,355 SF. The property offers a brand new twelve year NN lease with the Landlord responsible for roof and structure. The twelve year lease is guaranteed by Tesla, Inc. and includes a 10% annual increase in Year 6 and at each of the three, five year lease renewal option
This subject offering is highly visible as it is prominently positioned on Orchard Lake Road, seeing 51,677 VPD, one half mile north of M-10 (Northwestern Highway). This location serves a large population of over 151,000 residents within five miles and near 750,000 residents within 10 miles. The five mile average household income is well abo average at $125,736, making this the ideal location for a Tesla dealership. Local retail in the area includes: Cauley Ferrari of Detroit(Only Ferrari Dealership in Michigan), Beyond Juicery + Eatery, Chipotle Mexican Grill, Redcoat Tavern, Firestone Complete Auto Care, Kohl's, and Whole Foods Market. This investment will offer an investor the opportunity for success due to the demand of the tenant’s products, one of the nation’s top EV auto producers.
Fortis Net Lease is pleased to present this two building Renovation to Suit Tesla Sales and Service dealership located at 6800 Orchard Lake Road in West Bloomfield Twp Michigan. The two buildings consists of approximately 41,425 SF for one building and approximately 53,930 SF for the other building totaling approximately 95,355 SF. The property offers a brand new twelve year NN lease with the Landlord responsible for roof and structure. The twelve year lease is guaranteed by Tesla, Inc. and includes a 10% annual increase in Year 6 and at each of the three, five year lease renewal option
This subject offering is highly visible as it is prominently positioned on Orchard Lake Road, seeing 51,677 VPD, one half mile north of M-10 (Northwestern Highway). This location serves a large population of over 151,000 residents within five miles and near 750,000 residents within 10 miles. The five mile average household income is well abo average at $125,736, making this the ideal location for a Tesla dealership. Local retail in the area includes: Cauley Ferrari of Detroit(Only Ferrari Dealership in Michigan), Beyond Juicery + Eatery, Chipotle Mexican Grill, Redcoat Tavern, Firestone Complete Auto Care, Kohl's, and Whole Foods Market. This investment will offer an investor the opportunity for success due to the demand of the tenant’s products, one of the nation’s top EV auto producers.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
95,355 SF
Building Class
B
Year Built/Renovated
1976/2024
Price
$26,267,501 CAD
Price Per SF
$275.47 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.55
Lot Size
3.99 AC
Zoning
BI, West Bloomfield - Business Improvement District
Parking
300 Spaces (3.15 Spaces per 1,000 SF Leased)
Frontage
1’ on Orchard Lake Rd
PROPERTY TAXES
| Parcel Number | 18-34-200-231 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,938,506 CAD |
PROPERTY TAXES
Parcel Number
18-34-200-231
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,938,506 CAD
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