Single-Tenant Grocery Asset For
For Sale
Contact for pricing
25151 SANTA CLARA ST, Hayward, CA 94544
Single-tenant grocery store property available for purchase.
Property Size45,865 SF
Price / SF$384.21
Days on Market113
Property Features for 25151 SANTA CLARA ST
General Information
Standard status
Active
Size
45,865 SF
Total Parking Spaces
157
Property subtype
Retail
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$1,092,539
Building Details
Year Built
1990
Stories
1
Units
1
Tenancy
Single
Listing Agency:
CBRE - South Bay
(310) 892-5644
Listed By:
Patrick Wade · License #CA 01454690
Source:
Crexi
Added: May 11
Changed: Aug 25
Last Checked: Aug 30 at 11:35PM
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 - South Bay
Investment Insights
Based on property information with market context.
This is a single-tenant grocery asset available for sale. The property has a size of 45865 square feet.
Key Highlights
- Rare single‑tenant asset
- Absolute NNN lease
- Grocery tenant
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
$725,470
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
4.12%
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%
$14,509,400
$14.5M
Cap Rate 7%
$10,363,857
$10.4M
Cap Rate 9%
$8,060,778
$8.1M
Market Conditions
NOI Build-Up for 45,865 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
$1.05M $22.80/SF
− Vacancy
−$78.4K −$1.71/SF
EGI
$967.3K $21.09/SF
− OpEx
−$241.8K −$5.27/SF
NOI
$725.5K $15.82/SF
Area
Hayward, CA
Vacancy
7.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
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%
$14,509,400
Cap Rate 7%
$10,363,857
Cap Rate 9%
$8,060,778
Alternative Uses
Best Use
Specialty Retail
$10.36M
$9.07M – $12.09M
NOI $725,470 @ 7.0% cap · market cap 4.12%
Second Best
Retail
$9.10M
$7.97M – $10.62M
NOI $637,307 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$14.18M
$12.41M – $16.54M
NOI $992,445 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94544, CA
79,769
Population
23,990
Households
3.3
Avg Household Size
36
Median Age
27%
College-Educated
79%
High-School Grad
11.0 sq mi
ZIP Area
7,252
Density / Sq Mi
$108,358
Median Household Income
$48,926
Median Earnings
$2,339
Median Rent
$801,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Yeyo's Meat Super Carniceria — 26718 Gading Rd, Hayward, CA 94544
- Grocery Outlet — 426 W Harder Rd, Hayward, CA 94544
- Food Mart — 392 Bishop Ave, Hayward, CA 94544
- Lucky — 25151 Santa Clara St, Hayward, CA 94544
- Safeway — 231 W Jackson St, Hayward, CA 94544
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single-tenant grocery store property available for purchase.
Where is this grocery and convenience store located?
The property is located at 25151 SANTA CLARA ST Hayward, CA.
What is the asking price?
The asking price for this property is $17,621,596.
What are key features of this property?
This property features: Rare single‑tenant asset; Absolute NNN lease; Grocery tenant
