916-462-6205
, Hayward, CA for Sale
Retail - FOR SALE
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Fairway Park Shopping Center
Hayward, CA
Fairway Park


HIGHLIGHTS

  • BELOW-MARKET RENTS – Average in-place rents sit roughly 10% below the market average, led by anchors Grocery Outlet and Dollar Tree
  • LONG TERM TENANT OCCUPANCY – The in-place tenant roster has occupied space at Fairway Park for a weighted average of approximately 15 years.
  • DIVERSIFIED, NATIONAL TENANCY – ±60% of occupied space is leased to national/regional credit tenants
  • STRONG NOI GROWTH – Projected NOI CAGR of over 4% through Year 10, driven by rent increases, mark to market on expiring leases, and lease-up
  • IRREPLACEABLE MARKET POSITIONING – Fairway Park is the only national grocer along Mission Boulevard for a 20-mile stretch between Hayward and Fremont.

OVERVIEW

Palmer Capital Inc. is pleased to present the opportunity to acquire Fairway Park Shopping Center, a ±127,000 SF grocery-anchored neighborhood shopping center located along heavily trafficked Mission Boulevard in Hayward, California. Anchored by Grocery Outlet, Dollar Tree, O'Reilly Auto Parts, and US Bank, the Property benefits from a diversified, daily-needs and e-commerce-resistant tenant mix, an affluent and densifying in-fill trade area along the Mission Boulevard corridor, and irreplaceable positioning as the only national grocer along a 20-mile stretch of that corridor. With in-place rents meaningfully below market, a long history of tenant retention, and embedded rent growth as leases roll to market, Fairway Park Shopping Center offers a compelling combination of stable current income and long-term upside in one of the fastest-growing, most economically resilient markets in the country.

ASK ABOUT THIS PROPERTY

Mark PalmerPalmer Capital, Inc.More Info
916-462-6205

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Mark PalmerPalmer Capital, Inc.More Info
916-462-6205

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