Automotive Property with Car
For Sale
Contact for pricing
5601-5701 Cushing Parkway, Fremont, CA 94538
Multi-brand dealership facility with showrooms, service operations, and an absolute NNN lease through 2033.
Property Size66,995 SF
Lot Size7.22 Acres
Price / SF$462.27
Days on Market49
Property Features for 5601-5701 Cushing Parkway
General Information
Standard status
Active
Size
66,995 SF
Class
A
Lot size
7.22 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$2,013,000
Automotive
Service Bays
3
Car Wash Bays
1
Additional Details
Highway Access
Yes
Amenities
showrooms
Building Details
Year Built
2007
Year Renovated
2022
Buildings
1
Tenancy
Multi
Listing Agency:
CBRE LA
Listed By:
Sam Alison · License #CA 01167124
(818) 907-4690
Source:
Crexi
Added: Aug 28
Changed: Oct 7
Last Checked: Oct 14 at 9:41PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The fee-simple property is occupied by a multi-brand automotive dealership serving Nissan and Subaru customers with both new and used vehicle sales. Improvements total approximately 66,995 SF and include two showrooms, three groups of service bays, and a car wash. The facility was built in 2007 and expanded in 2016 and 2022.
The real estate consists of two parcels totaling approximately 7.22 acres at 5601-5701 Cushing Parkway in Fremont, California. It is part of the Fremont Auto Mall, where the surrounding dealership presence includes Mercedes Benz, BMW, Lexus, Porsche, Acura, Toyota, Honda, Hyundai, Chevrolet, Cadillac, Buick, and GMC. Interstate 880 connects the site with Oakland/East Bay and San Jose/South Bay, while the CA-84 Dumbarton Bridge provides access toward Silicon Valley.
The entire property is subject to an absolute NNN lease with Premier Automotive through 2033, including scheduled rental increases during the lease term.
The real estate consists of two parcels totaling approximately 7.22 acres at 5601-5701 Cushing Parkway in Fremont, California. It is part of the Fremont Auto Mall, where the surrounding dealership presence includes Mercedes Benz, BMW, Lexus, Porsche, Acura, Toyota, Honda, Hyundai, Chevrolet, Cadillac, Buick, and GMC. Interstate 880 connects the site with Oakland/East Bay and San Jose/South Bay, while the CA-84 Dumbarton Bridge provides access toward Silicon Valley.
The entire property is subject to an absolute NNN lease with Premier Automotive through 2033, including scheduled rental increases during the lease term.
Key Highlights
- Approximately 66,995 SF of dealership improvements
- Two showrooms, three sets of service bays, and a car wash
- Two land parcels totaling approximately 7.22 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,070,613
Cap Rate
3.46%
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 3.46%
Second Best
Specialty Retail
$12.19M
$10.67M – $14.22M
NOI $853,431 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$41.47M
$36.29M – $48.38M
NOI $2,902,860 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Service bays
100%
Occupancy
Yes
Highway access
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
Similar Off Market Nearby
- Lyft Express Drive — 44100 Christy St, Fremont, CA 94538, United States
- Silvercar by Audi Car Rental — 43191 boscell rd, fremont, ca 94538
Frequently Asked Questions
What type of property is this?
Automotive property - Multi-brand dealership facility with showrooms, service operations, and an absolute NNN lease through 2033.
Where is this automotive property located?
The property is located at 5601-5701 Cushing Parkway Fremont, CA.
What is the asking price?
The asking price for this property is $30,970,000.
What are key features of this property?
This property features: Approximately 66,995 SF of dealership improvements; Two showrooms, three sets of service bays, and a car wash; Two land parcels totaling approximately 7.22 acres
