3950 Junction Blvd Raleigh, NC 27603

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.