Tesla Showroom & Service Center

Highlights:

• Brand New 12 Year Lease
• 2024 Renovation to Suit
• Minimal Landlord Responsibilities
• Orchard Lake Road Sees Nearly 45,000 VPD
• 10 Mile Population has Nearly 750,000 Residents
• 5 Mile Avg. Household Income of $131,133

Description:

Fortis Net Lease is pleased to present this 41,425 SF Renovation to suit Tesla Sales and Service dealership located at 6800 Orchard Lake Road in West Bloomfield Twp., Michigan. The property offers a brand new twelve NN lease with the Landlord responsible for Roof, Structure and pass through Capital Expense Repairs. The twelve year lease is guaranteed by Tesla, Inc. and includes a three, five year lease renewal options.

This subject offering is highly visible as it is prominently positioned on Orchard Lake Road, seeing over 44,188 VPD, one half mile north of M-10 (Northwestern Highway). This location serves a large population of over 152,000 residents within five miles and nearly 750,000 residents within 10 miles. The five mile average household income is well above average at $131,133, making this the ideal location for a Tesla dealership. Local retail in the area includes: Cauley Ferrari of Detroit and Cauley Performance Automotive, Beyond Juicery + Eatery, Chipotle Mexican Grill, Redcoat Tavern, Firestone Complete Auto Care, Huntington Bank, and Whole Foods Market. This investment will offer an investor the opportunity for success due to the demand of the tenant’s products, one of the nation’s top EV manufacturers.