1990 Decoto Road
Rare Chevron Corporate NNN Investment | Passive Land Ownership | Future Rent Growth | Prime Signaliz
Marketing description
SC Properties and RPS are pleased to present the exclusive opportunity to acquire the fee simple interest in 1990 Decoto Road, Union City, California, a Chevron corporate-leased investment located at one of the city's most prominent signalized intersections.
The property consists of approximately 24,864 square feet of land improved with a 1,664-square-foot Chevron service station and convenience store.
Chevron has successfully operated at this location since 1966, demonstrating the long-term strength of the site and its strategic importance within the local market. The lease is structured as an absolute triple net (NNN) lease, providing investors with truly passive ownership and zero landlord responsibilities.
The current lease generates $130,000 in annual base rent, with a scheduled increase to approximately $149,000 annually beginning in February 2027, providing built-in income growth and an attractive future cap rate. One 5 year option starting February 2032 at market rate.
Positioned at the highly visible intersection of Decoto Road and Alvarado-Niles Road, the property benefits from approximately 25,000 vehicles per day and excellent access to Interstate 880 and surrounding East Bay employment centers. The location is surrounded by nationally recognized retailers including Target, Walmart, Safeway, Ross, Best Buy, and numerous restaurants and service businesses, creating a strong, established retail corridor.
This offering represents an exceptional opportunity for investors seeking stable cash flow backed by a globally recognized corporate tenant. With nearly six decades of successful operating history, scheduled rental growth, and a prime infill Bay Area location, 1990 Decoto Road is well suited for 1031 exchange buyers, private investors, family offices, and long-term net lease portfolios seeking durable income and capital preservation.
Investment highlights
100% Leased to Chevron – Investment secured by one of the world's leading energy companies.
Absolute Triple Net (NNN) Lease – Zero landlord responsibilities provide truly passive ownership.
Established Since 1966 – Chevron has successfully operated at this location for nearly 60 years.
5+ Years Remaining – Current lease term with a scheduled rental increase in 2027.
Strong Income Growth – Annual base rent increases from $130,000 to $149,000, improving the going-in yield.
Prime Signalized Corner – High-visibility location at Decoto Road and Alvarado-Niles Road with approximately 25,000 vehicles per day.
Excellent Demographics – Dense East Bay population with strong household incomes supporting long-term fuel demand.
Surrounded by National Retailers – Target, Walmart, Safeway, Ross, Best Buy, and other established retailers drive consistent traffic.
Land Ownership Only – Investor owns the underlying real estate while Chevron owns and maintains the improvements, minimizing capital expenditure exposure.
- Rare Corporate NNN Opportunity – Ideal for 1031 exchange buyers seeking stable cash flow, passive management, and long-term appreciation potential.
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