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Asking Price
NOI Net Operating Income
Cap Rate

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Property Description

  • JLL is pleased to offer for sale the fee-simple interest in a Tesla Service Station (the “Property” or “Asset”) located in Council Bluffs, Iowa situated directly off of one of the nation’s busiest interstates in I-80. As such, the service station is easily accessible to 90,500+ vehicles daily that are traveling through the market. The Property is leased to Tesla, Inc (the “Tenant”), the world’s most valuable automobile maker, with over $27 billion of annual revenue in the most recent trailing twelve months. Additionally, the location benefits from being the only Tesla service station throughout both the states of Iowa and Nebraska.
  • This offering presents the opportunity to acquire an easily accessible automobile retail asset that is located within a centrally located MSA and leased to one of the world’s most innovative companies.


Investment Highlights

  • Leased to Tesla, Inc. with a corporate guaranty
  • Attractive rental increases of 2.0% annually
  • Strategically located off of Interstate 80
  • Easily accessible to over 90,500 vehicles per day
  • Located within centrally located, bi-state MSA
  • Two, five-year options provide additional stability
Last Updated Date: 27 Aug 2020
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

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Last Updated Date: 27 Aug 2020

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