5601 Cushing PkwyFremont, CA 94538

Property Details for 5601 Cushing Pkwy

Year built

2005

Construction

TILT-UP CONCRETE

Lot size

5.01 AC

Property size (Sq ft)

66,516 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

525-1670-21

APU

525167021

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $37,525,404

  6.5%

  $34,638,832

  7%

  $32,164,632

• Comparable approach

  Method

  Valuation

  Relative Method

  $46,750,984

  Geo Method

  $46,750,984

• Alternative Use

  Use

  Valuation

  Residential

  $29,219,152

  Hospitality

  $26,764,586

  Educational

  $22,267,822

  Medical

  $23,033,646

  Retail

  $34,638,832

Location Insight

City

Fremont

County

Alameda

State

California

Latitude

37.4987

Longitude

-121.973

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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