39401 Fremont BlvdFremont, CA 94538

Property Details for 39401 Fremont Blvd

Year built

1984

Construction

TILT-UP CONCRETE

Lot size

0.87 AC

Property size (Sq ft)

8,405 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

501-975-23

APU

50197523

Description

This exceptional investment opportunity presents a fee-simple ownership of an established Red Lobster restaurant located at 39401 Fremont Blvd, Fremont, CA 94538. The 8,409 square foot building sits on a 0.87-acre lot in a high-traffic retail area, boasting a strong tenant with a credit-rated corporate guarantee. The property benefits from a 25-year absolute NNN lease (commencing July 31, 2014, and expiring July 31, 2039), with 14.7 years remaining. The lease includes four, five-year options and features a 2% annual rent increase. The current Net Operating Income (NOI) stands at $457,703. Built in 1984 and renovated in 2014, this single-story building is situated in a prime location surrounded by major retailers such as Target, Trader Joe's, Starbucks, and more, ensuring high visibility and consistent customer traffic. The property's location at a signalized intersection further enhances its appeal. The property is zoned CC and offers ample parking. This is a value-add/redevelopment opportunity with significant upside potential in a thriving, high-growth area near the Tesla Gigafactory. The asking price is $9,650,000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,741,732

  6.5%

  $4,376,983

  7%

  $4,064,341

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,907,481

  Geo Method

  $5,907,481

• Alternative Use

  Use

  Valuation

  Residential

  $3,692,149

  Hospitality

  $3,381,988

  Educational

  $2,813,775

  Medical

  $2,910,545

  Retail

  $4,376,983

Location Insight

City

Fremont

County

Alameda

State

California

Latitude

37.545

Longitude

-121.983

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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