Tesla Service Center 23011 Ih 10 W, San Antonio, TX Cap Rate 6.6% San Antonio (San Antonio, Texas, US ) Built

$4,750,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 12,647 sq. ft.
  • Development Level: Built
  • Lot Size: 1.41 acres
  • Year Built: 2002

Description

Tesla Service Center 23011 Ih 10 W, San Antonio, TX Cap Rate 6.6%

Cap Rate: 6.6%
Building Size: 12,647 sqft
Lot Area: 1.41 sqft
Year Built: 2002

Price: $4,750,000 USD

DESCRIPTION
Service Location
Service locations will become even more critical as the number of Teslas on the road increases. The global number of electric vehicles sold is expected to reach 3 million in 2020, continuing the explosive sales growth from the 1.3 million sold in 2017. Revenues for Tesla’s service centers in Q2 2019 were $605M, which is a 22% increase over Q2 2018. The average Tesla service location has revenues of ~$1.5M.
High Barrier To Entry
After two failed attempts to enter the San Antonio market at other locations, the San Antonio Zoning Commission finally the approved Tesla’s plan to operate at this site. Due to the challenging approval process, it will be difficult for them to relocate.
Excellent Traffic and Visibility
This portion of IH-10 experiences average daily traffic counts of +/- 87,480. Additionally, the subject property is highly visible from both the freeway and the frontage road.
Income Tax-Free State
Investors will benefit from Texas’ income tax-free environment.
Adjacent to Highly Affluent Gated Community
The Dominion is a 1,500 AC gated community, home to the Dominion Country Club and many of San Antonio’s most affluent residents. Home prices in the neighborhood range from just under a million up to as high as $10 million.
Net Lease Asset in San Antonio
San Antonio is the seventh most populous city in the United States with +/- 1.5 million residents. San Antonio continues to be one of the fastest-growing cities in the nation with an annual growth rate of ~1.58%.
Modern Build-Out
This facility was completely remodeled in 2016 in order to meet Tesla’s brand standards and to outfit the building with the necessary machinery.
7 Superchargers On Site
Tesla Superchargers are 480-volt DC fast-charging stations. There are 1,604 Supercharger Stations and 14,081 Superchargers in total.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

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Information is deemed to be correct but not guaranteed.