Tesla Sales, Delivery & Service
2620 North Main Street High Point, NC 27262
2620 North Main Street, High Point, NC, 27262
Contact for pricing
For Sale
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Fee simple acquisition of a 2023-redeveloped Tesla facility secured by a long-term corporate lease.
Property Size50,000 SF
Lot Size5.84 Acres
Price / SF$451.34
Days on Market49
Property Features for 2620 North Main Street
General Information
- Standard status
- Active
- Size
- 50,000 SF
- Lot size
- 5.84 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1994
Listing agency
Pegasus Investments
(310) 969-1135
Listed by
David Chasin · License #CA 01513027
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 1:49PM Checked: Jul 20 at 5:44AM
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 Pegasus Investments
Investment Insights
Based on property information with market context.
The property is a single-tenant Tesla sales, delivery, and service center offered in fee simple. Tesla redeveloped the asset in 2023, including a new roof, HVAC units, and a full interior renovation. The facility is leased to Tesla, Inc. under a long-term corporate lease, with approximately 13 years of term remaining. The lease features 3.0% annual rent increases throughout the base term and option periods.
The site occupies a large 5.84-acre parcel at a signalized corner along Main Street in High Point, North Carolina. It sits within a prominent retail trade corridor positioned between a Walmart Supercenter and a Lowe’s store. The center benefits from 36.3k VPD along Main Street and provides 253 exclusive parking spaces. In addition, the site includes two outparcel lots fronting Main Street.
For investors and operators, the asset’s configuration supports Tesla’s SSL business model with dedicated parking and frontage for customer-oriented visibility. The lease structure provides stated annual rent escalations through the base and option periods. The offering is presented as an investment backed by a corporate tenant and a recently modernized facility, with the current rent increase terms described as supporting NOI growth through the base term.
The site occupies a large 5.84-acre parcel at a signalized corner along Main Street in High Point, North Carolina. It sits within a prominent retail trade corridor positioned between a Walmart Supercenter and a Lowe’s store. The center benefits from 36.3k VPD along Main Street and provides 253 exclusive parking spaces. In addition, the site includes two outparcel lots fronting Main Street.
For investors and operators, the asset’s configuration supports Tesla’s SSL business model with dedicated parking and frontage for customer-oriented visibility. The lease structure provides stated annual rent escalations through the base and option periods. The offering is presented as an investment backed by a corporate tenant and a recently modernized facility, with the current rent increase terms described as supporting NOI growth through the base term.
Key Highlights
- Fee simple acquisition of a Tesla sales, delivery, and service center redeveloped in 2023.
- Long‑term corporate lease with Tesla, Inc.: 15‑year lease with ~13 years remaining.
- Lease includes 3.0% annual rent increases across base term and option periods.
Property Analytics
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FAQs
What type of property is this?
Showroom - Fee simple acquisition of a 2023-redeveloped Tesla facility secured by a long-term corporate lease.
Where is this showroom located?
The property is located at 2620 North Main Street High Point, NC.
What is the asking price?
The asking price for this property is $22,567,000.
What are key features of this property?
This property features: Fee simple acquisition of a Tesla sales, delivery, and service center redeveloped in 2023.; Long‑term corporate lease with Tesla, Inc.: 15‑year lease with ~13 years remaining.; Lease includes 3.0% annual rent increases across base term and option periods.
