5601-5701 Cushing Pky - Auto Dealership FOR SALE


Fremont, CA 94538- Baylands
$33,550,000 USD
818-907-4690
5601-5701 Cushing Pky, Fremont, CA for Sale
$33,550,000 USD
Auto Dealership - FOR SALE
1/8
null | 6% Cap Rate

5601-5701 Cushing Pky
Fremont, CA 94538
Baylands


HIGHLIGHTS

  • SEVEN YEARS, NINE MONTHS (7.75 YRS) OF REMAINING LEASE TERM
  • ABSOLUTE NET LEASE
  • ESTABLISHED AUTO MALL WITH MOST MAJOR BRANDS
  • DEALERSHIP DEMAND EXCEEDS AUTO MALL CAPACITY
  • EXCELLENT DEMOGRAPHICS WITH EXCEPTIONAL PURCHASING POWER
  • HIGH PROFILE GROWTH MARKET WITH STRONG DEMAND GENERATORS

OVERVIEW

As exclusive advisors to the Seller, CBRE is offering the opportunity to acquire the fee simple interest in the real property occupied by Premier Automotive within the Fremont Auto Mall located at 5601-5701 Cushing Parkway (the “Property”). Premier Automotive Center is a multi-brand Class A auto dealership, built in 2007 and expanded in 2016 and 2022, providing new and used car sales and service for Nissan and Subaru. The Property includes approximately 66,995 square feet of improvements including two showrooms, three sets of service bays and a car wash. The Property encompasses two land parcels totaling approximately 7.22 acres. The entire site is leased to Premier Automotive through 2033 under an absolute NNN lease. This Property is centrally located in the East Bay submarket with excellent access to Oakland/East Bay and San Jose/ South Bay via Interstate 880, and Silicon Valley via the CA-84 Dumbarton Bridge. The Property is located in the Fremont Auto Mall which offers most major brand auto dealerships including Mercedes Benz, BMW, Lexus, Porsche, Acura, Toyota, Honda, Hyundai, Chevrolet, Cadillac, Buick, and GMC. Premier Automotive Center delivers a strong current yield with built-in rental increases over the lease term extending 7+ years.

FOR SALE DETAILS

PRICE

$33,550,000 USD

PRICE/SF

$501 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Premier Automotive

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

189

LAND DETAILS

LAND ACRES

7.22 AC

LAND SF

314,503 SF

ZONING

C-R

APN/PARCEL ID

525-1670-021-00

ASK ABOUT THIS PROPERTY

Samuel AlisonCBRE, Inc.More Info
818-907-4690

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Samuel AlisonCBRE, Inc.More Info
818-907-4690

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