10954 Laureate Dr, San Antonio, TX 78249

40,000 SF | Retail Building | San Antonio, TX 78249 | $11,855,000 ($296/SF)

Asking Price $11,855,000

Property Type
Retail
Square Feet
40,000 SF
Price / Square Foot
$296

Listing Contacts

Putnam Daily
Lindsey Snider

Property Overview

Strategic Location - Strong Intrinsics in Line with Long-Term Tesla Strategy
The property is an ideal site for a Tesla Collision Center in line with the company’s site selection criteria. The property is ideally situated to serve the greater San Antonio metropolitan area, with close proximity to the I-10 arterial and the South Texas Medical Center economic hub.
Tesla has seen substantial revenue growth in company owned auto body shops and has been opening them in many large markets in close proximity to their Sales, Service & Delivery Centers. Tesla has observed a strong correlation between the addition of collision center locations such as this property in a market and increased demand for Tesla vehicles.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

Property Details

Year Built
2023
Stories
1
Property Subtype
Vehicle Related

Highlights

  • New Corporate Tesla Lease with Scheduled Increases
  • Rare Ground-Up Build To Suit Tesla Opportunity
  • Low Rent Very Sustainable for Tesla Long Term
  • Only Tesla Collision Center Location in Greater San Antonio
  • Investment Grade Tenant
  • Qualifies for 60% Bonus Depreciation in Year 1 via Cost Segregation

FAQ

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