Asking Price
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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 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 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: 17 Nov 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: 17 Nov 2020

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