Tesla Super Charging Gas
For Sale
Contact for pricing
1401 Kingswood Dr SW, Tumwater, WA 98512
Tesla Super Charging Station on a corporate lease with rent commencing May 1, 2025 and 10% increases every five years.
Property Size5,683 SF
Price / SF$195.92
Days on Market467
Property Features for 1401 Kingswood Dr SW
General Information
Standard status
Active
Size
5,683 SF
Property subtype
RETAIL
Building Details
Tenancy
Single
Listing Agency:
Kidder Mathews
(360) 480-6680
Listed By:
Ryan Haddock · License #23080
(360) 480-6680
Source:
Moodyscre
Added: Apr 30, 2025
Changed: Jul 30
Last Checked: Aug 8 at 2:04PM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
Tesla Super Charging Station offered under a 10-year license agreement. The asset is supported by a corporate lease structure with zero landlord responsibility. Rent commences May 1, 2025, with a 10% rent increase scheduled every five years.
The station is located within a newly constructed shopping center in Tumwater, Washington, surrounded by major retailers including Walmart, Home Depot, and Costco. The center includes co-tenants such as Valvoline, Starbucks, Chipotle, Wendy’s, and a Marriott branded hotel.
The property measures 5,683 square feet, providing a dedicated site for the Tesla Super Charging use within a retail-heavy commercial environment.
The station is located within a newly constructed shopping center in Tumwater, Washington, surrounded by major retailers including Walmart, Home Depot, and Costco. The center includes co-tenants such as Valvoline, Starbucks, Chipotle, Wendy’s, and a Marriott branded hotel.
The property measures 5,683 square feet, providing a dedicated site for the Tesla Super Charging use within a retail-heavy commercial environment.
Key Highlights
- Tesla Super Charging Station on a 10‑year license agreement
- Corporate lease with zero landlord responsibility
- Rent commences May 1, 2025 with 10% increases every five years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,598
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,371,960
$1.4M
Cap Rate 7%
$979,971
$980.0K
Cap Rate 9%
$762,200
$762.2K
Market Conditions
NOI Build-Up for 5,683 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$102.3K $18.00/SF
− Vacancy
−$4.3K −$0.76/SF
EGI
$98.0K $17.24/SF
− OpEx
−$29.4K −$5.17/SF
NOI
$68.6K $12.07/SF
Area
Thurston County, WA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,371,960
Cap Rate 7%
$979,971
Cap Rate 9%
$762,200
Alternative Uses
Best Use
Retail
$980.0K
$857.5K – $1.14M
NOI $68,598 @ 7.0% cap · market cap 6.16%
Second Best
Specialty Retail
$882.0K
$771.7K – $1.03M
NOI $61,739 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$1.66M
$1.46M – $1.94M
NOI $116,479 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Explore this area
Business Placement
Demographics for 98512, WA
31,422
Population
13,216
Households
2.4
Avg Household Size
41
Median Age
37%
College-Educated
95%
High-School Grad
138.7 sq mi
ZIP Area
227
Density / Sq Mi
$93,738
Median Household Income
$56,673
Median Earnings
$1,655
Median Rent
$438,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Tesla Super Charging Station on a corporate lease with rent commencing May 1, 2025 and 10% increases every five years.
Where is this gas station located?
The property is located at 1401 Kingswood Dr SW Tumwater, WA.
What is the asking price?
The asking price for this property is $1,113,400.
What are key features of this property?
This property features: Tesla Super Charging Station on a 10‑year license agreement; Corporate lease with zero landlord responsibility; Rent commences May 1, 2025 with 10% increases every five years
