311 Shr DrBurr Ridge, IL 60527

Property Details for 311 Shr Dr

Year built

1977

Lot size

2.59 AC

Property size (Sq ft)

40,712 SF

Zone code

N

Property type

Industrial properties

APN

09-35-205-008

APU

935205008

Description

Exceptional investment opportunity: a 40,650 square foot, free-standing Tesla Collision Center located at 311 Shore Dr, Burr Ridge, IL 60527, within the affluent Chicago MSA. This single-tenant property sits on a 2.58-acre lot and boasts a strong 6.25% cap rate, secured by a new long-term corporate lease with Tesla, Inc. The strategic location near Interstates 55 and 294 ensures high visibility and accessibility, driving increased customer traffic. This location serves a densely populated and affluent trade area, with a population of 2.68 million within a 15-mile radius and an average household income of $160,582 within 5 miles. Tesla's consistent profitability (18 consecutive profitable quarters, including $7.93B net income in Q4 2023) and investment-grade rating (Baa3 by Moody's and BBB by S&P) further solidify this investment's strength. The property's proximity to downtown Chicago (20 miles) adds to its appeal. This is a rare opportunity to acquire a high-performing asset anchored by a financially robust, globally recognized brand in a thriving market. The property's size and location make it an ideal site for Tesla, aligning perfectly with their site selection criteria. The addition of this Collision Center is expected to further boost Tesla's sales, service, and delivery operations in the Chicago area.

Location Insight

City

Burr Ridge

County

Dupage

State

Illinois

Latitude

41.7397

Longitude

-87.9367

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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