24050 Creekside Rd Santa Clarita, CA 91355-1726
- Automotive properties
- 24,270 SF
- 1.59 lot acres
Current Use by Public Records
- Green Garden Plumbers / Contractor
Property Details for 24050 Creekside Rd
- Year built
- 1996
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.59 lot acres
- Property size
- 24,270 SF
- Zone code
- SCCR
- Property type
- Automotive properties
- APN
- 2811-025-091
- APU
- 2811025091
Description
This exceptional investment opportunity presents a fee-simple ownership of a 39,195-square-foot Tesla dealership in Santa Clarita, CA. Built in 2024, the property boasts a brand-new 15-year lease with Tesla Motors, Inc., a globally recognized, investment-grade tenant (S&P: BBB). The lease includes two 5-year renewal options, ensuring long-term stability and income. Annual rent increases of 3% provide inflation protection and consistent NOI growth, currently at $2,082,684. The NNN lease structure minimizes landlord responsibilities, with the tenant covering all operating expenses except management fees. Situated on a 3.21-acre lot with 168 parking spaces, the property enjoys a prime location at the signalized intersection of Magic Mountain Pkwy and McBean Pkwy, benefiting from high daily traffic volume (over 101,000 vehicles). Convenient access to Interstate 5 (181,000 VPD) further enhances its accessibility. The property's strategic placement near River Oaks Shopping Center, a major power center with numerous national retailers, and proximity to Six Flags Magic Mountain and several large apartment complexes, creates a strong synergy and substantial consumer base. The affluent 5-mile trade area boasts over 203,000 residents and 89,000 daytime employees, with an average household income exceeding $155,000. The property is zoned CR - Regional Commercial (APN: 2811-025-087 & 2811-025-014) and is exempt from the Los Angeles City mansion tax. This is a rare opportunity to acquire a high-performing, low-risk investment in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santa Clarita
- County
- Los Angeles
- State
- California
- Longitude
- -118.556
- Latitude
- 34.419
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
