Commercial Real Estate Arizona

Having trouble reading this email? View it in your browser here

Trophy STNL Retail: 
Tesla Motors, Inc. Service Center
Investment Highlights

  • Price: $11,220,000 (5.25% Cap) 
  • Mission critical service center
  • Cutting edge tenancy
  • 2.75% annual increases
  • Significant tenant investment
  • Publicly traded (NASDAQ: TSLA) $50+ billion market cap
Location Highlights

  • Adjacent to AZ State University
  • 144,571 population (3-mi)
  • Strong visibility and access
  • Large development parcel
  • High density, infill location
  • Directly across from 300+ acre office and industrial park
Opportunity: Pegasus Investments, in partnership with Cushman & Wakefield, is pleased to offer the exceptional opportunity to acquire a newly renovated, single tenant Tesla Motors showroom and service center located in Tempe (Phoenix), Arizona.  The trophy offering carries a very landlord favorable net lease (inquire with broker) with extremely rare 2.75% annual rent increases as well as a provision allowing the landlord to recapture a management fee of up to 3% of the base rental revenue.  Tesla recently opened this modern facility pursuant to a new 7-year lease with (2) 5-year options, and prior to opening invested several million dollars improving the property to its current condition.

Location: This site was hand selected by Tesla Motors due to its combination of proximity to current Tesla owners, the demographics of potential owners and access to the major Phoenix thoroughfares. With over 4.5 million people living within the metro area, Phoenix is the 12th largest metropolitan area in the United States and has experienced rapid population growth of 1.3 million since 2000. Strategically located along University Avenue between Arizona State University and Loop 101, the property enjoys very high traffic counts exceeding 30,000 vehicles per day.  Additionally, the property sits across the street from a 300+ acre office and industrial park which features “The Circuit” - a newly renovated, 185k SF Ultra-Modern Class-A Creative Office Campus. 
David B. Chasin
Pegasus Investments
Managing Director
(310) 691-1350 x101
BRE Lic 01513027
Daylin Ackerman
Pegasus Investments
(310) 691-1350 x114
BRE Lic 02011508
Will Strong
Cushman & Wakefield
Executive Managing Director
(602) 224-4467
BRE Lic SA546546000
Andy Markham
Cushman & Wakefield
Executive Managing Director
(602) 224-4408
BRE Lic SA11771000
Pegasus Investments Real Estate Advisory Inc. | BRE License Number 01961545
Not what you're looking for? Change your Preferences
This email was delivered to <%CustEmail%> by, a commercial real estate marketing website. makes no warranty or representation, expressed or implied, as to the accuracy of the information contained herein. | 3000 Gulf to Bay Blvd. | Clearwater | FL | 33759 | US
For more information about our services visit or contact us at
To unsubscribe or change preference Click Here