5601 Cushing Pkwy Fremont, CA 94538-3124

Property Details for 5601 Cushing Pkwy

Year built

2005

Construction

TILT-UP CONCRETE

Lot size

5.01 lot acres

Property size

66,516 SF

Property type

Automotive properties

APN

525-1670-21

APU

525167021

Description

This exceptional investment opportunity presents the chance to acquire a premier, multi-tenant automotive dealership in Fremont, California's thriving auto mall. The property, encompassing 66,995 square feet across three buildings on a 7.22-acre lot, is currently 100% occupied by credit-rated tenants, Nissan and Subaru, under a long-term absolute NNN lease with 9+ years remaining. Built in 2007 and extensively renovated in 2022, the property features two showrooms, three service bays, and a car wash. The lease boasts attractive rental increases built into the contract, extending through 2033. Strategically located at 5601-5701 Cushing Parkway, this Class A asset benefits from its prime position within the established Fremont Auto Mall, surrounded by other major automotive brands, and enjoys excellent access to major transportation arteries, including Interstate 880 and the CA-84 Dumbarton Bridge. The property's strong current yield, coupled with the long-term lease and built-in rental escalations, makes it an attractive investment in a high-growth market with exceptional purchasing power and a robust job market. The property's two parcels are identified by APN 525-1670-021. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location. The asking price is $33,550,000, representing a 6.00% cap rate.