Automotive Property with Car
For Sale
$33,550,000
5601 Cushing Parkway, Fremont, CA 94538
7.22-acre property leased to Premier Automotive through 2033.
Property Size66,995 SF
Lot Size7.22 Acres
Price / SF$500.78
Days on Market131
Property Features for 5601 Cushing Parkway
General Information
Standard status
Active
Size
66,995 SF
Lot size
7.22 Acres
Property subtype
SpecialPurpose
Listing Agency:
CBRE LA
(818) 907-4690
Listed By:
Sam Alison · License #01167124
(818) 907-4690
Source:
Cbre
Added: Apr 15
Changed: Aug 14
Last Checked: Aug 22 at 11:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE LA
Investment Insights
Based on property information with market context.
The property features approximately 66,995 square feet of improvements, including two showrooms, three sets of service bays, and a car wash. It is situated on two land parcels totaling approximately 7.22 acres. The entire site is leased to Premier Automotive through 2033 under an absolute NNN lease.
Key Highlights
- Absolute NNN lease to Premier Automotive through 2033
- Approximately 7.22 acres of land
- Includes two showrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,070,613
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$21,412,260
$21.4M
Cap Rate 7%
$15,294,471
$15.3M
Cap Rate 9%
$11,895,700
$11.9M
Market Conditions
NOI Build-Up for 66,995 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.60M $23.88/SF
− Vacancy
−$70.4K −$1.05/SF
EGI
$1.53M $22.83/SF
− OpEx
−$458.8K −$6.85/SF
NOI
$1.07M $15.98/SF
Area
Fremont, CA
Vacancy
4.40%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$21,412,260
Cap Rate 7%
$15,294,471
Cap Rate 9%
$11,895,700
Alternative Uses
Best Use
Industrial
$15.29M
$13.38M – $17.84M
NOI $1,070,613 @ 7.0% cap · market cap 3.19%
Second Best
Specialty Retail
$12.19M
$10.67M – $14.22M
NOI $853,431 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$41.47M
$36.29M – $48.38M
NOI $2,902,860 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
683k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 46%
Dining 24%
Shops & Services 12%
Leisure 7%
Costco Wholesale
Superstores
180,537 visits/mo
0.3 miles
Target
Superstores
130,734 visits/mo
0.4 miles
In-N-Out Burger
Dining
70,467 visits/mo
0.5 miles
Costco Gasoline
Shops & Services
63,346 visits/mo
0.4 miles
Century at Pacific Commons and XD
Leisure
46,496 visits/mo
0.2 miles
Demographics for 94538, CA
66,424
Population
24,429
Households
2.7
Avg Household Size
36
Median Age
53%
College-Educated
90%
High-School Grad
16.5 sq mi
ZIP Area
4,026
Density / Sq Mi
$144,451
Median Household Income
$76,827
Median Earnings
$2,860
Median Rent
$1,104,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - 7.22-acre property leased to Premier Automotive through 2033.
Where is this automotive property located?
The property is located at 5601 Cushing Parkway Fremont, CA.
What is the asking price?
The asking price for this property is $33,550,000.
What are key features of this property?
This property features: Absolute NNN lease to Premier Automotive through 2033; Approximately 7.22 acres of land; Includes two showrooms
