Medalist Built-to-Suit (BTS) Tesla Service Center DST
Investment Details
Investment Sponsor: Medalist
Location: Florida
Current Yield: 6.00%
721 Exchange: Optional
Property Type: NNN Retail, Industrial
In-Place Loan: 47.32% LTV
Distribution Frequency: Monthly
Estimated Hold Period: 5 Years
Investment Description
Medalist Tesla Service Center DST offers investors the opportunity to acquire a fractional interest in an extensively renovated, 45,190 square foot Tesla Service Center located in Pensacola, Florida. Renovated to Tesla’s build-to-suit specifications, this institutional-quality property features a long-term triple-net lease with Tesla, Inc., providing investors with stable, tax-advantaged income and capital preservation.
Investment Highlights
Investment-grade tenant with BBB credit rating (S&P)
Extensively renovated facility (2025 Tesla built-to-suit renovation)
12-year initial lease term with 3% annual rent escalations
Triple-net lease structure (NNN)
Strategic Gulf Coast location with 500,000+ metro population
100% Section 1031 exchange qualified
Non-recourse financing at 47.32% LTV
2.32x debt service coverage ratio
Investment Documents
Investment Sponsor
Medalist Diversified REIT Inc. is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing value-add commercial real estate in the Mid-Atlantic and Southeast regions. The Company’s strategy is to focus on value-add and opportunistic commercial real estate which is expected to provide an attractive balance of risk and returns. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions. The Company seeks to maximize operating performance of current properties by utilizing a hands-on approach to property management while monitoring the middle market real estate markets in the southeast for acquisition opportunities and disposal of properties as considered appropriate.
Sponsor Historical Performance
This investment sponsor has not realized any DST investment offerings to date.