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Tesla | New 15yr Corp NNN | S&P: BBB 24050 Creekside Rd

39,195 SF Retail Building Valencia, CA 91355 £32,592,173 (£832/SF) 5% Net Initial Yield

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Investment Highlights

Brand New 15-Year Lease | 3% Annual Rental Increases | Options to Extend | Well Known & Established Tenant
River Oaks Shopping Center (275,000 SF) | Dense Retail Corridor |Multiple Nearby Apartment Complexes | Strong Tenant Synergy
Strong Demographics In 5-Mile Trade Area | Six-Figure Incomes Not Subject to Mansion Tax | 5th Highest Valued City in LA County

NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
Signalized, Hard Corner Intersection | Interstate 5 (181,000 VPD) | Six Flags Magic Mountain (3.6 Million Annual Visitors)

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, investment grade (S&P: BBB), Tesla investment property located in Santa Clarita, California (Los Angeles MSA). The tenant, Tesla Motors, Inc recently signed a brand new 15-year lease, commencing Sept. 2024, with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 3% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The NNN lease structure allows a future investor to recover all operating expenses, excluding a management fee. The tenant, Tesla Motors, Inc. is one of the world’s most valuable companies and remains the world’s most valuable automaker with a market capitalization of almost $600 billion. Also, with the site being located in Santa Clarita, the subject property is excluded from the new LA City mansion tax.