Tesla Single-Tenant Property in Fort Worth

275 University Dr, Fort Worth, TX

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For Sale

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Single-tenant Tesla property with a new 7-year term.

Type:RETAIL

Property size:

22,000 SF

Lot size:

1.49 Acres

Price / SF:

$400/SF

HighLights

Rare single‑tenant Tesla property with a new 7‑year term, guaranteed by Tesla Motors TX, Inc. of Tesla Inc.
Mission‑critical location for Tesla, serving as Fort Worth’s main Tesla Service Center.
Below‑market rents with two five‑year options at 95% of FMV in 2025 & 2030, offering significant value‑add potential.
3.00% annual rental increases through primary and renewal terms, providing a blended return of 5.47% during the primary term.
Trophy infill location in the heart of the coveted W. 7th District, near entertainment, cultural attractions, and affluent neighborhoods.
Property has been fully redeveloped with new construction elements and Tesla making over $1.5 million in capital improvements.

We can help!

Listing Contact

Cameron Deptula

For Sale

Contact for pricing

Single-tenant Tesla property with a new 7-year term.

Type:RETAIL

Property size:

22,000 SF

Lot size:

1.49 Acres

Price / SF:

$400/SF

Added:: Dec 14, 2020
Days on Market:: 2003
Last Refresh:: May 20 at 9:36 pm

Property Features for 275 University Dr

General Information

Standard status: Active
Size: 22,000 SF
Lot size: 1.49 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Cameron Deptula

Listing agent Cameron Deptula

Listing office Davidson Bogel Real Estate

Listing date Dec 14, 2020

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Davidson Bogel Real Estate

HighLights

Rare single‑tenant Tesla property with a new 7‑year term, guaranteed by Tesla Motors TX, Inc. of Tesla Inc.
Mission‑critical location for Tesla, serving as Fort Worth’s main Tesla Service Center.
Below‑market rents with two five‑year options at 95% of FMV in 2025 & 2030, offering significant value‑add potential.
3.00% annual rental increases through primary and renewal terms, providing a blended return of 5.47% during the primary term.
Trophy infill location in the heart of the coveted W. 7th District, near entertainment, cultural attractions, and affluent neighborhoods.
Property has been fully redeveloped with new construction elements and Tesla making over $1.5 million in capital improvements.

Overview

Located in the W. 7th District, this property is occupied by Tesla, with a new 7-year term guaranteed by Tesla Motors TX, Inc. The property has been redeveloped, with Tesla investing over $1.5 million in capital improvements. It serves as Fort Worth’s main Tesla Service Center. The lease includes 3.00% annual rental increases through the primary and renewal terms, with a blended return of 5.47% during the primary term. The rents are currently below market value, with two five-year options at 95.00% of FMV in 2025 & 2030. The property is situated next to the W. 7th Entertainment District and Cultural District, and is one mile from Downtown Fort Worth, near the River Crest, River Oaks, and Westover Hills neighborhoods. It is surrounded by high-end car dealerships, including Audi Fort Worth and Autobahn’s Porsche, BMW, Land Rover, Jaguar, and Volkswagen dealerships. The location has 94,014 and 254,945 residents within a three and five mile radius, respectively, and daytime populations of 124,626 and 196,002 employees within the respective three and five mile trade range. The property size is 22000 square feet.

Property Profile Location Intelligence

Current Use by Public Records

Tesla Auto Repair Shop

Suggested Use

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Location Insight

Map
Local Demand

City: Fort Worth
County: Tarrant
State: Texas
Longitude: -97.3597
Latitude: 32.7562

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For sale
Auto shops
TX
Fort Worth
275 University Dr

What type of property is this?

Auto shop - Single-tenant Tesla property with a new 7-year term.

Where is this auto shop located?

The property is located at 275 University Dr Fort Worth, TX.

What is the asking price?

The asking price for this property is $8,800,000.

What are key features of this property?

This property features: Rare single‑tenant Tesla property with a new 7‑year term, guaranteed by Tesla Motors TX, Inc. of Tesla Inc.; Mission‑critical location for Tesla, serving as Fort Worth’s main Tesla Service Center.; Below‑market rents with two five‑year options at 95% of FMV in 2025 & 2030, offering significant value‑add potential.

275 University Dr, Fort Worth, TX

Single-tenant Tesla property with a new 7-year term.

Property Features for 275 University Dr

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Automotive Service and Warehouse Complex

Flex Property with Office and Warehouse

Flex Warehouse with Level Doors

Office-Warehouse Facility with Secure Yard

Modern Office Condo Suite

New Construction Duplex Income Property

Boutique Five-Unit Townhome-Style Property

Turnkey Entertainment and Fitness Building

Move-In Ready Office and Assembly Facility

Penthouse Live-Work Condo

Multi-Suite Office Building

Industrial Office Warehouse Condominium Unit

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