Company News
Kingsbarn Acquires Tesla Delivery Center in Duluth, Georgia
Kingsbarn Acquires Delivery Center in Duluth, Georgia
Duluth, Georgia—January 30, 2025 – Kingsbarn Realty Capital (“Company” or “Kingsbarn”) has proudly announced the acquisition of a newly renovated Tesla sales, service, and delivery center located at 3380 Satellite Boulevard, Duluth, Georgia. This single-tenant, net-leased property spans approximately 50,820 rentable square feet and is one of only five Tesla delivery centers in Georgia. The facility features Tesla’s signature minimalist design, a service and maintenance area, design studio, customer lounge, and administrative offices, complemented by a 6-story parking structure with 584 stalls.
"Kingsbarn is thrilled to expand our portfolio with another Tesla-leased property, reinforcing our commitment to the electric vehicle market," stated Jeff Pori, CEO of Kingsbarn. "Tesla's strong brand presence and commitment to this location make it a valuable asset for our investors."
The Property is strategically located on Duluth’s “Auto Row,” a major commercial corridor with direct access to Satellite Boulevard and less than a five-minute drive from I-85. Serving a population of approximately 855,553 with an average household income of $108,436, the area is projected to experience population growth over the next five years.
The Duluth Tesla center will be offered to investors through a Delaware Statutory Trust (“DST”) structure, providing a simplified 1031 exchange solution. This allows accredited investors to own a fractional interest in this high-quality, professionally managed property, enjoying the benefits of real estate ownership without the usual day-to-day management responsibilities. As the sponsor, Kingsbarn handles all leasing, property management, and asset management decisions, ensuring a seamless investment experience.
ABOUT KINGSBARN REALTY CAPITAL
Kingsbarn Realty Capital is a real estate-centric investment house that provides institutional and accredited private investors access to an array of alternative investments. Kingsbarn offers investments in private equity, exchange traded funds, traditional investment funds, private capital, managed accounts and Delaware Statutory Trusts (DSTs). Additionally, Kingsbarn’s management team has wide-ranging experience developing, managing, operating, and sponsoring a diversified portfolio of stabilized, income-driven properties as well as ground-up construction, value-added offerings, opportunity zone investments, and entitlement projects. Kingsbarn has over $2.1 billion of assets under management and has acquired over 280 properties throughout the United States. The company currently has a development pipeline of over $2 billion consisting of multifamily, student housing, medical, industrial, retail, and hospitality. For further information, visit www.kingsbarn.com.
Kingsbarn Media Contacts:
Emma Williams & Holly Silvestri
The Ferraro Group (702) 367-7771
emma@theferrarogroup.com
holly@theferrarogroup.com
No Offer
This is not an offer. An offer will only be made pursuant to the delivery of the required offering documents, including the private placement memorandum, as supplemented or amended (the “Memorandum”) and only in states in which the securities offered pursuant to the Memorandum are registered or exempt from registration requirements, and only by broker-dealers authorized to do so. This information discusses general information about the portfolio and is not a guarantee, prediction or projection of future performance. Diversification does not protect against loss or guarantee return. There are risks associated with investing in real estate assets, such as inflation, interest rates, real estate tax rates, changes in the general economic climate, local conditions such as population trends and neighborhood values, and supply and demand for similar property types. Investing in DSTs and 1031 exchanges involves significant tax consequences. Please refer to the Memorandum for detailed information about the offering and its associated risks and implications.
Forward-Looking Statements
This press release may contain forward-looking statements identified by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release. Kingsbarn assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances.