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
1/6
null | 6% Cap Rate

5601-5701 Cushing Pky
Fremont, CA 94538
Baylands


HIGHLIGHTS

  • Absolute NNN Lease with Built-In Rental Growth – The entire site is leased to Premier Automotive on an absolute NNN basis through Dec 2033
  • Established, High-Revenue Tenant – Premier Automotive is a privately-owned, multi-state automotive group founded in 1995
  • Multi-Brand, Class A Facility – The property comprises ±66,995 SF across two parcels, including two showrooms (Premier Nissan and Premier Subaru)
  • Dominant Position in an Established, Supply-Constrained Auto Mall – Located on a highly visible corner of the Fremont Auto Mall
  • Premier East Bay Infill Location with Exceptional Demographics – Situated at the intersection of Cushing Parkway (±14,970 VPD) and Bunche Drive
  • Strongest Job Market and Growth Corridor in the U.S. – Fremont is the 4th largest city in the Bay Area

OVERVIEW

* Absolute NNN Lease with Built-In Rental Growth – The entire site is leased to Premier Automotive on an absolute NNN basis through December 2033, with zero landlord responsibilities. Rent increases every 3 years (next bump January 1, 2028), providing a reliable inflation hedge with two 5-year renewal options beyond the primary term. * Established, High-Revenue Tenant – Premier Automotive is a privately-owned, multi-state automotive group founded in 1995 and headquartered in New Orleans. The company operates 36 franchises across the south and southwest U.S., generating over $2 billion in revenue from new car sales in 2025 and ranking #44 on the Automotive News Top 150 Dealership Groups. The lease is backed by personal and corporate guarantees. * Multi-Brand, Class A Facility – The property comprises ±66,995 SF across two parcels, including two showrooms (Premier Nissan and Premier Subaru), three sets of service bays, a car wash, and a dedicated auto detail and prep center on Bunche Drive. Built in 2007 and expanded in 2016 and 2022, the facility represents significant capital investment in a proven location. * Dominant Position in an Established, Supply-Constrained Auto Mall – Located on a highly visible corner of the Fremont Auto Mall alongside Toyota, Mercedes, Lexus, BMW, Audi, Honda, Hyundai, Porsche, Acura, Chevrolet, Cadillac, Buick, and GMC. There are no sites zoned for auto sales available within the Auto Mall, creating a hard barrier to entry for any competing franchisee. * Premier East Bay Infill Location with Exceptional Demographics – Situated at the intersection of Cushing Parkway (±14,970 VPD) and Bunche Drive with I-880 High Identity Signage and proximity to ±300,000 CPD traffic at Auto Mall Parkway. The property sits adjacent to Pacific Commons, a 1.05 million SF regional lifestyle and power center, and across I-880 from Tesla's 5.5 million SF manufacturing plant. The 5-mile trade area supports 230,000+ residents with average household incomes exceeding $214,000 and median home prices of $1.5–$1.6M. * Strongest Job Market and Growth Corridor in the U.S. – Fremont is the 4th largest city in the Bay Area, home to 1,200+ high-tech, life science, and clean technology firms, and ranked #1 in the country for start-ups per capita. Facebook controls roughly 2 million SF of commercial space within 10 miles via the Dumbarton Bridge, and the forthcoming Irvington BART Station (projected to open 2031) further cements long-term demand fundamentals for the submarket.

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.