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    77 Reservoir Ave Providence, RI 02907

    For Sale
    Contact for pricing

    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

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    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.
    (310) 913-1510
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    Providence, RI 02907
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    77 Reservoir Ave Providence, RI 02907
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