Tesla Sales, Service & Delivery
Bakersfield
,
CA
California
Call for Details
$
22,783,000
.svg)
Call for Details
5.40
%
CAP Rate
Excellent Exposure from Golden State Hwy/CA-99
with Brand New Freeway-Visible Pylon Sign
Relocated & Expanded Service Center
4.56 Acre Lot with Ample On-Site Parking within Bakersfield Auto Mall, Alongside other Luxury Car Dealerships
Dominant EV Market
California Accounts for 35% of All EVs Nationwide
Property details
- Brand New Long Term Net Lease to Tesla (NASDAQ: TSLA) with a Corporate Guaranty
- Attractive Annual Rental Escalations throughout Primary & Options, Providing a Hedge Against Inflation
- Minimal Landlord Responsibilities
- Investment Grade Tenant Rated BBB by S&P and Baa3 by Moody's
- Refurbished 2025 Construction with Transferable Warranties in Place
- Significant Capital Investment in Site Improvements
- Relocated and Expanded Service Center
- 4.56 Acre Lot with Ample On-Site Parking and Freeway Visibility
- Mission Critical Hub Serving a Trade Area of Over 1 Million Residents
- Nearest Tesla Facility is Over 80 Miles Away
- Highly Challenging for Tenant to Relocate Due to Lack of Alternative Sites and Specific Zoning Requirements
- Located within Bakersfield Auto Mall Alongside Other Luxury Car Dealerships
- Excellent Exposure from Golden State Hwy/CA-99 (107,000 AADT)
- Brand New Freeway-Visible Pylon Sign
- Kern County is an Established, Stable, Business-Friendly Region at the Base of the San Joaquin Valley
- Home to Strong Agriculture & Energy Sector
- Favorable Tax Climate
- Population of 585,198 and Average Household Income of $97,423 within a 10-Mile Radius
- Dominant EV Market
- California Accounts for 35% of All EVs Nationwide and Has, by Far, the Highest Concentration of Tesla Owners
- 5 Years of Tesla Sales Growth in Kern County, 13% YoY Sales Growth for Q1 2025
- Accelerated EV Adoption in CA
- 25.3% of All New Vehicles Registered in 2024 were Zero-Emission
- EVs Now Represent 21.4% of CA's Total Automotive Market Share
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387