For Sale
$33,550,000

5601 Cushing PkwyFremont, CA 94538

Class A, NNN Lease, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents the chance to acquire a premier, multi-tenant automotive dealership in Fremont, California's thriving auto mall. The property, encompassing 66,995 square feet across three buildings on a 7.22-acre lot, is currently 100% occupied by credit-rated tenants, Nissan and Subaru, under a long-term absolute NNN lease with 9+ years remaining. Built in 2007 and extensively renovated in 2022, the property features two showrooms, three service bays, and a car wash. The lease boasts attractive rental increases built into the contract, extending through 2033. Strategically located at 5601-5701 Cushing Parkway, this Class A asset benefits from its prime position within the established Fremont Auto Mall, surrounded by other major automotive brands, and enjoys excellent access to major transportation arteries, including Interstate 880 and the CA-84 Dumbarton Bridge. The property's strong current yield, coupled with the long-term lease and built-in rental escalations, makes it an attractive investment in a high-growth market with exceptional purchasing power and a robust job market. The property's two parcels are identified by APN 525-1670-021. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location. The asking price is $33,550,000, representing a 6.00% cap rate.

Highlights

  • Absolute Net Lease.
  • 9+ Years Remaining Lease Term.
  • Attractive Rental Increases Built-In.
  • National Credit Tenant in Fast-Growing Sector.
  • Prime Location in Established Auto Mall.
  • High Demand for Dealership Space.

Property Details for 5601 Cushing Pkwy

Property type
Retail properties
Square Feet
66,995 SF
Class
A
Year Built/Renovated
2007/2022
Buildings
3
Stories
1
Lot Size (sq. ft)
314,503 SF
Units
2

Location Insight

City
Fremont
County
Alameda
State
California
Latitude
37.497712652982
Longitude
-121.97292190531
5601 Cushing Pkwy, Fremont, California

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5601 Cushing Pkwy
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