24050 Creekside Rd

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.