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.