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700 York Rd Warminster, PA 18974

High-yield Tesla Net Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a brand-new, 56,651 square foot Tesla Sales, Service, and Delivery center in Warminster, Pennsylvania. Located on a sizable 9.15-acre lot at 700 York Rd (zip code 18974), this single-tenant property boasts a new long-term net lease with built-in annual rent increases, offering a secure and attractive 6.30% cap rate. The property's strategic location within the Philadelphia MSA (population 6,245,051, GDP $518.5 billion) places it in a high-traffic area, neighboring top-performing auto dealerships, creating significant visibility and customer access. Built in 2023, the property benefits from strong demographics, with an average household income of $154,173 within a 10-mile radius and a total population of 1,941,626 within a 15-mile radius. The oversized lot provides ample room for future expansion to accommodate Tesla's growing vehicle delivery volumes. The tenant, Tesla (NASDAQ: TSLA), has demonstrated consistent profitability for 20 consecutive quarters, further enhancing the investment's stability and long-term potential. This property is credit-rated, providing additional security for investors. The high-traffic location on York Road (30,331 AADT) ensures excellent visibility and accessibility. This is a rare opportunity to acquire a high-performing asset in a prime location with a strong, established tenant.

Highlights

  • New long-term net lease to Tesla (NASDAQ: TSLA).
  • Annual rent increases.
  • Strategic location near high-performing auto dealerships in the Philadelphia MSA.
  • 9.15-acre lot with expansion potential.
  • 56,651 square foot building, built in 2023.
  • 6.30% cap rate; Credit Rated tenant.

Property Details for 700 York Rd

Property type
Retail properties, Auto shops
Square Feet
56,651 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
398,574 SF

Location Insight

City
Warminster
County
Bucks
State
Pennsylvania
Latitude
40.211033
Longitude
-75.1004617

FAQs

What type of property is this?
Retail property - High-yield Tesla Net Lease Investment
Where is the retail property located?
The property is located at 700 York Rd Warminster, PA.
What are key features of this property?
This property features: New long-term net lease to Tesla (NASDAQ: TSLA).; Annual rent increases.; Strategic location near high-performing auto dealerships in the Philadelphia MSA.
How can I contact the broker?
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700 York Rd
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