Tesla Sales, Delivery & Service
For Sale
Contact for pricing
2620 North Main Street, High Point, NC 27262
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 Market94
Property Features for 2620 North Main Street
General Information
Standard status
Active
Size
50,000 SF
Class
A
Total Parking Spaces
253
Lot size
5.84 Acres
Property subtype
Retail
Zoning
CZ-GB
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$1,297,613
Additional Details
Cap Rate
8%
Traffic Count
36,300 vehicles/day
Building Details
Year Built
1994
Year Renovated
2023
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Pegasus Investments
Listed By:
David Chasin · License #CA 01513027
(310) 969-1135
Source:
Crexi
Added: Jun 3
Changed: Sep 4
Last Checked: Aug 31 at 12:16AM
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
Property Profile
Current Use
Lease Details
36,300 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
295k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Superstores 29%
Shops & Services 21%
Groceries 5%
Walmart
Superstores
86,066 visits/mo
0.0 miles
Murphy USA
Shops & Services
23,659 visits/mo
0.2 miles
McDonald's
Dining
23,251 visits/mo
0.3 miles
Five Below
Shops & Services
14,718 visits/mo
0.4 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
14,498 visits/mo
0.2 miles
Demographics for 27262, NC
25,253
Population
10,246
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
86%
High-School Grad
13.2 sq mi
ZIP Area
1,913
Density / Sq Mi
$64,395
Median Household Income
$34,113
Median Earnings
$1,054
Median Rent
$212,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
