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275 University Dr Fort Worth, TX 76107

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For Sale
$8,800,000

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

Property size:
22,000 SF
Lot size:
1.49 Acres

Property Features for 275 University Dr

General Information

Size
22,000 SF
Lot size
1.49 Acres

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Listing Contact
Cameron Deptula
Source: Moodyscre

Listing Agent: Cameron Deptula

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

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Overview

Tesla Single-Tenant Property in Fort Worth

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.
Location Intelligence

Current Use by Public Records

Tesla Car Repair And Maintenance Service

Suggested Use

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

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

Similar Places Nearby

Fob Key Replacement Fort Worth, Brakes To You Fort Worth, Touch Up Autobody, Goodhood of Fort Worth, AUTOPROG Diagnosis and Programing

Location Insight

  • Map
  • Local Demand
City
Fort Worth
County
Tarrant
State
Texas
Longitude
-97.3597193
Latitude
32.7562286

FAQs

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.
More about this property
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