Tesla Build-to-suit Sales, Service Delivery Center (Northbrook, IL)

Jones Lang LaSalle Americas, Inc. (“JLL”)is pleased to exclusively offer for sale the fee simple interest in Chicago’s flagship Tesla Sales, Service and Delivery Center ("SSD") at 1000 Skokie Blvd in Northbrook, IL (the “Property”), a newly developed build-to-suit facility for Tesla.

The Property will be the first of its kind in Illinois and has been purpose-built for Tesla to support its robust North Shore customer base. The Property is 100% leased to Tesla, Inc. (“Tenant”) under an optimal corporate-backed double-net lease structure with 15 years of primary term and 2.50% annual rental escalations. Tesla carries an investment-grade credit rating (S&P: BBB / Stable) and a market capitalization exceeding $550 billion.

The subject Property is strategically positioned in the North Shore’s prime Northbrook community – one of Illinois’ Top 10 wealthiest municipalities known for endless upscale shopping and dining options, a large retail and industrial presence, and its central location to downtown Chicago (25 miles) and O’Hare International Airport (9 miles). The Site is just off the intersection of I-94 and Dundee Road (140,000+ combined VPD) with visible signage along Skokie Blvd and the Interstate. Further, it is ideally located in a dense and affluent, automotive-focused corridor as 1.7 million people are within a 30-minute drive and the median home price in Northbrook is $625,000 – far outweighing the national average.