Premier Automotive | Fremont, CA
Absolute NNN Lease | 7.75 Years Remaining Term | Attractive Rental Increases
Marketing description
As exclusive advisors to the Seller, CBRE is offering the opportunity to acquire the fee simple interest in the real property occupied by Premier Automotive within the Fremont Auto Mall located at 5601-5701 Cushing Parkway (the “Property”). Premier Automotive Center is a multi-brand Class A auto dealership, built in 2007 and expanded in 2016 and 2022, providing new and used car sales and service for Nissan and Subaru. The Property includes approximately 66,995 square feet of improvements including two showrooms, three sets of service bays and a car wash. The Property encompasses two land parcels totaling approximately ±7.22 acres. The entire site is leased to Premier Automotive through 2033 under an absolute NNN lease.
Investment highlights
Absolute Net Lease
Seven Years, Nine Months (7.75 yrs) of Remaining Lease Term
Attractive Rental Increases
Fast-Growing, National Tenant
Increasing Demand for New and Used Autos
Established Auto Mall with Most Major Brands
Dealership Demand Exceeds Auto Mall Capacity
High Profile Growth Market with Strong Demand Generators
Excellent Demographics with Exceptional Purchasing Power
Strongest Job Market in the U.S.
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