3950 Junction BlvdRaleigh, NC 27603

Property Details for 3950 Junction Blvd

Year built

2024

Lot size

3.63 AC

Property size (Sq ft)

36,868 SF

Property type

Retail properties

Property subtype

Auto shops

Description

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.

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.7249

Longitude

-78.6589

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