39401 Fremont Blvd Fremont, CA 94538-2116
- Turn key restaurants
- 8,405 SF
- 0.87 lot acres
Current Use by Public Records
- Fremont Insurance Agency / Health Insurance Agency
- Testing Information - Fremont / Std Testing Service
- Mcmillan Company / Manufacturer
Property Details for 39401 Fremont Blvd
- Year built
- 1984
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.87 lot acres
- Property size
- 8,405 SF
- Property type
- Turn key restaurants
- APN
- 501-975-23
- APU
- 50197523
Description
This exceptional investment opportunity presents a fee-simple ownership of an established Red Lobster restaurant located at 39401 Fremont Blvd, Fremont, CA 94538. The 8,409 square foot building sits on a 0.87-acre lot in a high-traffic retail area, boasting a strong tenant with a credit-rated corporate guarantee. The property benefits from a 25-year absolute NNN lease (commencing July 31, 2014, and expiring July 31, 2039), with 14.7 years remaining. The lease includes four, five-year options and features a 2% annual rent increase. The current Net Operating Income (NOI) stands at $457,703. Built in 1984 and renovated in 2014, this single-story building is situated in a prime location surrounded by major retailers such as Target, Trader Joe's, Starbucks, and more, ensuring high visibility and consistent customer traffic. The property's location at a signalized intersection further enhances its appeal. The property is zoned CC and offers ample parking. This is a value-add/redevelopment opportunity with significant upside potential in a thriving, high-growth area near the Tesla Gigafactory. The asking price is $9,650,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,610,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,680,000
- 6.5%
- $6,280,000
- 7%
- $7,040,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,355,000
- Geo Method
- $6,585,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,900,000
- Retail
- $6,440,000
- Mixed-Use
- $6,400,000
- Hospitality
- $5,690,000
- Educational
- $7,510,000
- Residential Income
- $5,945,000
- Energy
- $6,410,000
- Income-Based Land
- $6,620,000
- Food Service
- $7,285,000
Location Insight
- Map
- Local Demand
- City
- Fremont
- County
- Alameda
- State
- California
- Longitude
- -121.983
- Latitude
- 37.545
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
