For Sale
$15,938,000

3950 Junction BlvdRaleigh, NC 27603

High-yield Net Lease Investment. Prime Raleigh location.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, Class A, 36,868 square foot Tesla Collision Center in Raleigh, NC. Located at 3950 Junction Blvd, this single-tenant, net-lease property boasts a 12-year lease term (expiring 11/29/2036) with a corporate guarantee from Tesla Motors, Inc., offering exceptional creditworthiness (Baa3/BBB). The property features 156 parking spaces and sits on a 3.63-acre lot in a high-growth area with a strong retail presence. The annual rent increases at 2.50%, ensuring consistent returns. With a current NOI of $932,343 and a 5.85% cap rate, this investment offers a compelling return on investment. The property benefits from its proximity to major retail centers, Research Triangle Park, and significant population growth. The building was completed in 2024 and enjoys 100% occupancy. Lease options include 2 and 5-year extensions. This is a rare opportunity to acquire a high-quality, net-lease property anchored by a strong corporate tenant in a thriving market. The property is zoned for commercial use. The average household income within a 1-mile radius is $112,412. The property is less than 10 minutes from WakeMed Garner Healthplex and North Carolina State University.

Highlights

  • Brand new, 36,868 SF Class A Tesla Collision Center with a 12-year net lease.
  • Corporate guaranteed lease with Tesla Motors, Inc. (Baa3/BBB credit rating).
  • Investment-grade credit tenant with 45+ collision centers nationwide.
  • Strong retail location with 2.6M SF of retail within a 2-mile radius.
  • Proximity to Research Triangle Park, the largest research park in the US.
  • High population growth area (76.73% growth from 2010-2024 within 1 mile).

Property Details for 3950 Junction Blvd

Property type
Retail properties, Auto shops
Square Feet
36,868 SF
Class
A
Year Built
2024
Buildings
1
Lot Size (sq. ft)
158,123 SF
Units
1

Location Insight

City
Raleigh
County
Wake
State
North Carolina
Latitude
35.724910186572
Longitude
-78.658912578634
3950 Junction Blvd, Raleigh, North Carolina

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3950 Junction Blvd
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