2115-2119 1st Ave S

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a Tesla Supercharger located in Birmingham, Alabama. The tenant, Tesla, Inc., has over 7 years remaining on its 10-year lease with options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The landlord has a termination right in option period.