Automotive Property with Car
For Sale
$25,768,049
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$384.63
Days on Market176
Property Features for 5601 Cushing Parkway
General Information
Standard status
Active
Size
66,995 SF
Lot size
7.22 Acres
Property subtype
Retail
Listing Agency:
CBRE LA
Listed By:
Sam Alison · License #01167124
(818) 907-4690
Source:
Cbre
Added: Apr 15
Changed: Sep 30
Last Checked: Oct 5 at 3:52PM
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 / Yr
$1,070,613
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
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
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 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 4.15%
Second Best
Specialty Retail
$12.19M
$10.67M – $14.22M
NOI $853,431 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$41.47M
$36.29M – $48.38M
NOI $2,902,860 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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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 $25,768,049.
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
