700 York Rd Warminster, PA 18974-2004

Property Details for 700 York Rd

Year built

1970

Lot size

9.15 lot acres

Property size

56,025 SF

Zone code

SC

Property type

Grocery and convenience stores

APN

49-009-043

APU

49009043

Description

This exceptional investment opportunity presents a brand-new, 56,651 square foot Tesla Sales, Service, and Delivery center in Warminster, Pennsylvania. Located on a sizable 9.15-acre lot at 700 York Rd (zip code 18974), this single-tenant property boasts a new long-term net lease with built-in annual rent increases, offering a secure and attractive 6.30% cap rate. The property's strategic location within the Philadelphia MSA (population 6,245,051, GDP $518.5 billion) places it in a high-traffic area, neighboring top-performing auto dealerships, creating significant visibility and customer access. Built in 2023, the property benefits from strong demographics, with an average household income of $154,173 within a 10-mile radius and a total population of 1,941,626 within a 15-mile radius. The oversized lot provides ample room for future expansion to accommodate Tesla's growing vehicle delivery volumes. The tenant, Tesla (NASDAQ: TSLA), has demonstrated consistent profitability for 20 consecutive quarters, further enhancing the investment's stability and long-term potential. This property is credit-rated, providing additional security for investors. The high-traffic location on York Road (30,331 AADT) ensures excellent visibility and accessibility. This is a rare opportunity to acquire a high-performing asset in a prime location with a strong, established tenant.

Location Insight

City

Warminster

County

Bucks

State

Pennsylvania

Longitude

-75.1003

Latitude

40.2111

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments