Tesla Sales, Service & Delivery

36,750 SF | Retail Building | Indianapolis, IN 46237 | $15,973,000 ($435/SF)

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $15,973,000

Property Type
Retail
Square Feet
36,750 SF
Price / Square Foot
$435

Listing Contacts

Putnam Daily
Putnam Daily
Verified Profile
Lindsey Snider
Lindsey Snider
Verified Profile
  • Property Info

Property Overview

The property is an ideal site for a Tesla Sales, Service & Delivery in line with the company’s site selection criteria. The property is ideally situated to serve the affluent suburbs of Southern and Central Indianapolis with excellent access and visibility on I-65 (AADT 103,998). The central location and extensive highway and rail infrastructure have positioned the city as an important logistics center. Indianapolis has a population of approximately 2 million people and is within one day’s drive to 60% of the US population.
The subject property is prominently with excellent access and visibility near the junction of Emerson Avenue (26,820 AADT) and County Line Road (31,647 AADT) just off Interstate 65 (103,988 AADT). The site benefits from robust, affluent demographics in the surrounding area, with a total daytime population of 163,000 within 5 miles and average household income of $114,226 within a 1 mile radius.
The property benefits from a strategic location well-positioned to serve the affluent southern suburbs of Indianapolis approximately 14 miles from downtown. The site is adjacent to newly developed Claybrook Commons anchored by Kroger and benefits from proximity to several other national retailers including Walmart Supercenter, Starbucks, Sonic Drive-In, Taco Bell, Circle K, McAlister’s Deli, Buffalo Wild Wings, Chicken Salad Chick, and more.
In Association with Scott Reid & ParaSell, Inc. | A Licensed Indiana Broker #RC51900187

Property Details

Year Built
2024
Stories
1
Property Subtype
Vehicle Related, Freestanding
Lot Size (sq. ft)
240,887 SF

Highlights

  • Long Term Net Lease to Tesla, Inc. with Fixed Rent Increases
  • 2024 Build-to-Suit Construction with Assignable Warranties
  • Mission Critical Location for Tesla on the South Side of Indianapolis Serving the Greater MSA
  • Investment Grade Tenant Rated Baa3 by Moody’s & BBB by S&P
  • Prominent Retail Location Just Off Interstate 65 with AADT of 103,988
  • Near the University of Indianapolis

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