Tesla Dealership & Service Center | Cherry Hill, NJ

Equity CRE is pleased to present a Tesla Dealership and Service Center, available for sale to qualified investors. This offering includes a NNN lease with 2% annual rental increases. The lease is backed by a corporate guaranty from Tesla, Inc., an investment-grade tenant with a BBB S&P rating, ensuring stable lease payments and long-term security for property owners.

Located just 11 miles from Philadelphia, this property enjoys a prime location surrounded by a strong mix of major tenants and thriving economic activity. Positioned on Route 70, with sees approximately 54,000 vehicles per day, the site is surrounded by a strong mix of national retailers, including Raising Canes, Starbucks, Wegmans, Home Depot, among many others, enhancing its appeal.

• Corporate Guaranty: The lease is backed by Tesla Inc.’s corporate entity, an investment grade (BBB rating from Standard and Poor’s).
• Strong Retail Corridor: Tesla is located in a thriving retail corridor along NJ-70, surrounded by national retailers and several car dealerships. Nearby, the Marketplace at Garden State Park features anchors such as Raising Cane’s, Wegmans, Best Buy and Dick’s Sporting Goods. Additionally, Towne Place at Garden State Parks offers national tenants such as Barnes & Noble, Nordstrom Rack and Ulta Beauty.
• Strong Demographics: Tesla benefits from the strong demographics surrounding this location, with 322,792 people within 5-miles of the site and an average HHI of $104,536.
• Strategic Tesla Dealership Placements: Tesla strategically selects dealership locations, with only four in the Philadelphia MSA: Wayne, PA; Warminster, PA; Lawrence Township, NJ; and Cherry Hill, NJ.