Under Contract
Fayetteville, Georgia
Lease Term
Lot Size
3.77 AC
Parking
10 Years
±300
Alpine South Properties is under contract to acquire a newly developed 3.77 acre parcel in Fayetteville, GA, leased to Tesla, Inc. (NASDAQ: TSLA) under a 10-year absolute NNN lease.
The site serves as surplus vehicle inventory for Tesla’s nearby showroom and service center, just a quarter mile away, and sits along GA-85 N (±30,000 VPD) directly across from Fayette Pavilion, Georgia’s largest open-air shopping center with 4.7M annual visitors.
Overview
Stabilized, investment-grade tenancy
Investment Highlights
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Tesla, Inc. | Corporate Guaranty | Investment Grade BBB (S&P)
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2024
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Located 22 miles south of Atlanta and 15 miles from Hartsfield-Jackson International Airport, the property lies in a high-growth Atlanta submarket with an average household income over $92,000 within five miles, supported by major employers like Delta, Coca-Cola, and Chick-fil-A.
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10-Year Absolute NNN | 10% Rent Bumps Every 5 Years
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Surplus Vehicle Inventory for Service & Showroom
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Tesla’s growth in Georgia highlights its expanding retail presence and direct-to-consumer model.
The Fayetteville site strengthens its footprint along a high traffic corridor serving 400,000+ residents across Fayetteville, Jonesboro, Tyrone, and southern Atlanta.
