- For Sale $41,654,000
- Property Type Retail
- Property Size 39,195 SF
- Cap Rate % 5
- Additional Rent Contact for pricing
- Date Updated Nov 4, 2024
- Visibility/Traffic Count (VPD) 181,000
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, investment grade (S&P: BBB), Tesla investment property located in Santa Clarita, California (Los Angeles MSA). The tenant, Tesla Motors, Inc recently signed a brand new 15-year lease, commencing Sept. 2024, with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 3% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The NNN lease structure allows a future investor to recover all operating expenses, excluding a management fee. The tenant, Tesla Motors, Inc. is one of the world’s most valuable companies and remains the world’s most valuable automaker with a market capitalization of almost $600 billion. Also, with the site being located in Santa Clarita, the subject property is excluded from the new LA City mansion tax.
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
-
Walk Score ®
56/100 Somewhat Walkable -
Bike Score ®
71/100 Very Bikeable
- City Santa Clarita, CA
- Neighborhood Valencia
- Zip Code 91355
- Market Los Angeles
Points of Interest
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Santa Clarita
1.80 miles
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Newhall
3.20 miles
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Via Princessa
5.00 miles
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Electrify America
0.39 miles
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Tesla Supercharger
0.85 miles
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Arco
0.88 miles
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Chevron
0.90 miles
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76
0.93 miles
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7-Eleven
1.35 miles
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Shell
1.74 miles
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Mobil
1.79 miles
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Circle K
1.79 miles
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Kaiser
1.23 miles
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Metrolink
1.76 miles
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Guest Parking
2.39 miles
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Staff Parking
2.64 miles
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Employee Parking
2.68 miles
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Saugus High School Parking
2.70 miles
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Centre Pointe Collision Center
2.91 miles
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Overflow Parking
3.27 miles
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Office Parking
3.50 miles
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Heritage Junction Parking
3.55 miles
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Chick-fil-A
0.13 miles
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Mimi's Cafe
0.14 miles
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Burger King
0.19 miles
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Cinnabon
0.20 miles
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Saddle Ranch
0.20 miles
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The Cheesecake Factory
0.24 miles
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Souplantation
0.26 miles
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The Dudes Brewing Company
0.27 miles
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Hook Burger
0.29 miles
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Buca di Beppo
0.29 miles
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Sprouts Farmers Market
0.19 miles
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JCPenney
0.22 miles
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Westfield Valencia Center
0.25 miles
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Macy's
0.34 miles
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Target
0.35 miles
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Whole Foods Market
0.43 miles
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99c
0.45 miles
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Kohl's
0.54 miles
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TJ Maxx
0.56 miles
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Valley Produce Market
0.78 miles
Frequently Asked Questions
The space currently listed for sale at 24050 Creekside Rd asks for $41,654,000.
24050 Creekside Rd totals 39,195 square feet.
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SRS Real Estate Partners