The property is an ideal site for Tesla in line with the company’s site selection criteria.

Located strategically in Gainesville, it serves the north central Florida region with excellent accessibility via I-75, connecting major areas like Tampa, Orlando, and Atlanta.

The site supports Tesla’s long-term real estate strategy, situated near Gainesville’s key commercial areas, including Butler Plaza and Celebration Pointe, and surrounded by auto dealerships like Honda, Ford, and BMW.

Tesla has found that Service Plus locations near other vehicle retailers or in ‘Auto Row’ locations rank among its top-performing sites.

Investment Highlights

• Long Term Lease to Tesla (NASDAQ: TSLA) with Annual Increases: Investment-grade tenant rated BBB by S&P and Baa3 by Moody’s
• Brand New Construction: Large 6.85 acre lot with ample parking and large monument signage
• Strategic “Auto Row” Location: Situated within a dense retail trade area with strong synergy, surrounded by 13 car dealerships within 1 mile
• 2.5 Miles from University of Florida: Over 55,000 students and 17,000 staff
• Florida Ranks #2 in Tesla Purchases Nationwide: Gainesville awarded $11.65M in federal funding to expand its EV charging network to 173 stations