551 Southland Mall - Storefront FOR SALE


Hayward, CA 94545- Southgate
$19,745,000 USD
949-698-1105
551 Southland Mall, Hayward, CA for Sale
$19,745,000 USD
Storefront - FOR SALE
1/8
null | 7.35% Cap Rate

551 Southland Mall
Hayward, CA 94545
Southgate


HIGHLIGHTS

  • Corporate Backed Leases | Options To Extend | Fully Occupied
  • Fee Simple Ownership | Pride of Ownership | Highly Trafficked Mall Southland Mall (1.3M+ SF) | Nearby National/Credit Tenants
  • Strong Demographics In 5-Mile Trade Area | Affluent 6-Figure AHHI

OVERVIEW

SRS Capital Markets is pleased to present the opportunity to acquire the fee simple interest (land and building ownership) in a fully occupied, 106,609 SF retail asset located within Southland Mall in Hayward, CA—one of the San Francisco Bay Area’s most visited regional shopping destinations. The property sits in a high-traffic, high-visibility mall environment that consistently draws strong daily footfall, supporting tenant performance and long-term real estate value. The asset is 100% leased to a compelling roster of three e-commerce-resistant tenants—Hobby Lobby, Round 1 Entertainment, and Illegal Burger—offering durable income backed by corporate credit, contractual rent growth, and meaningful renewal optionality. Hobby Lobby anchors the ground floor under a 10-year corporate lease through 2033 with two five-year options and scheduled rent increases every five years. Round 1 Entertainment occupies the second floor with term through 2029, two five-year options, and rent increases at each renewal. Illegal Burger recently executed a five-year lease for the remaining ground-floor corner space. Notably, both Round 1 and Illegal Burger include percentage rent provisions, providing additional upside and reflecting strong, outperforming sales at this high-producing location.

FOR SALE DETAILS

PRICE

$19,745,000 USD

PRICE/SF

$185 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Regional Mall Subdivision | Hobby Lobby

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront, Bowling Alley

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

152

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,607 SF

ZONING

CBB20

APN/PARCEL ID

442-0010-004-20

ASK ABOUT THIS PROPERTY

Winston GuestSRS National Net LeaseMore Info
949-698-1105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Winston GuestSRS National Net LeaseMore Info
949-698-1105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.