Investment Offers Long-term, Stable NNN Lease in Major Midwest Market
Chicago, IL– Matthews Real Estate Investment Services, a commercial real estate investment services and technology firm, sold a Tesla dealership located at 50 W Ogden Ave, in the affluent Chicago suburb, Westmont, IL. The allure of this property is a direct result of both Tesla and the submarket’s prominent location. The asset was sold by Senior Associates Jonah Yulish, Jake Marthens, and Robert Goldberg, Vice President and Director Simon Assaf, Associate Vice President Zack Bates, and Executive Vice President and National Director Ben Snyder.
The Tesla property resides in the heart of its community of over 90,000 residents. The average household income within its five-mile radius is north of $100,000 and is expected to increase to approximately 250,000 residents by 2026.
“This deal presented the buyer with a long-term stable cash flow with a publicly-traded tenant on a long-term lease with annual increases.” Snyder said, “It was a great opportunity for the buyer to work with Tesla, which is recognized as a world-renowned EV firm.”
The Westmont dealership is off of Interstate 88, allowing for high visibility and accessibility. Various regional and national tenants surround the asset.
Based in Austin, Texas, Tesla is one of the world’s fastest-growing and most valuable companies. In 2021, Tesla saw an 87 percent increase in global sales, totaling $2.3 million. It is one of the world’s most valuable companies and sits as the most valuable automaker with a market capitalization of nearly $1 trillion.
For more information on this listing please contact Jonah Yulish at [email protected].
Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 14 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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