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77 Reservoir Ave Providence, RI 02907

For Sale
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Freestanding Tesla Sales, Service, and Delivery Center in Providence, RI.

Property size:
77,000 SF
Lot size:
12.38 Acres

Property Features for 77 Reservoir Ave

General Information

Size
77,000 SF
Lot size
12.38 Acres

Source: SRS Real Estate Partners | San Diego Agent Pat Weibel

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Tesla Sales, Service, Delivery Center

This freestanding Tesla Sales, Service, and Delivery Center (SSD) is available for purchase in Providence, RI. The property is NNN leased to Tesla, Inc. (dba Tesla Motors, Inc.), who recently signed a new 10-year lease with two 5-year options to extend, demonstrating their commitment to the site. The lease, signed by the corporate entity (S&P: BBB | NASDAQ: TSLA), includes scheduled rental increases after year 5 and at the beginning of each option period. As a NNN leased property, landlord responsibilities are limited. The property is approximately 77,000 square feet, making it the third largest Tesla Service Center site (SSD) in the country.
Insight Report Location Intelligence

Current Use by Public Records

Tesla Car Dealer Popeyes Louisiana Kitchen Chicken Restaurant

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

U-Haul Neighborhood Dealer, U-Haul Neighborhood Dealer, U-Haul Neighborhood Dealer, Providence Automotive Engrg Co, Penske Truck Rental

Location Insight

  • Map
  • Local Demand
City
Providence
County
Providence
State
Rhode Island
Longitude
-71.4286043
Latitude
41.7962749

FAQs

What type of property is this?
Automotive property - Freestanding Tesla Sales, Service, and Delivery Center in Providence, RI.
Where is this automotive property located?
The property is located at 77 Reservoir Ave Providence, RI.
What are key features of this property?
This property features: - New 10-year NNN lease with Tesla, Inc. (S&P: BBB | NASDAQ: TSLA).; - Investment-grade tenant with limited landlord responsibilities.; - Scheduled rental increases after year 5 and at the beginning of each option period.
More about this property
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