Investment Overview
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.
Investment Highlights
- • Long-term net leased Tesla Sales & Delivery Center located in the highly desirable Decatur submarket of Metro Atlanta.
- • 18,200 SF facility situated on a 2.68-acre site with excellent visibility and full access along Church Street.
- • Attractive 15% scheduled rental increase in October 2027.
- • NN lease - New roof in 2019
- • Below-market rent provides future upside potential
- • Only Tesla dealership in the Atlanta city limits
- • Strategic infill location adjacent to Nalley BMW and directly across from a Whole Foods-anchored retail center, including Walmart Supercenter and Sprouts.
- • Strong demographics featuring 114K+ residents within 3 miles and average HH-incomes of ~$153,000, projected to grow to nearly $198K within 5 years.