3950 Junction Blvd Raleigh, NC 27603
- Auto shops
- 36,868 SF
- 3.63 lot acres
Current Use by Public Records
- Auto shops
Property Details for 3950 Junction Blvd
- Year built
- 2024
- Lot size
- 3.63 lot acres
- Property size
- 36,868 SF
- Property type
- Auto shops
Description
This exceptional investment opportunity presents a brand-new, Class A, 36,868 square foot Tesla Collision Center in Raleigh, NC. Located at 3950 Junction Blvd, this single-tenant, net-lease property boasts a 12-year lease term (expiring 11/29/2036) with a corporate guarantee from Tesla Motors, Inc., offering exceptional creditworthiness (Baa3/BBB). The property features 156 parking spaces and sits on a 3.63-acre lot in a high-growth area with a strong retail presence. The annual rent increases at 2.50%, ensuring consistent returns. With a current NOI of $932,343 and a 5.85% cap rate, this investment offers a compelling return on investment. The property benefits from its proximity to major retail centers, Research Triangle Park, and significant population growth. The building was completed in 2024 and enjoys 100% occupancy. Lease options include 2 and 5-year extensions. This is a rare opportunity to acquire a high-quality, net-lease property anchored by a strong corporate tenant in a thriving market. The property is zoned for commercial use. The average household income within a 1-mile radius is $112,412. The property is less than 10 minutes from WakeMed Garner Healthplex and North Carolina State University.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.658912578634
- Latitude
- 35.724910186572
