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33923939
33923937

46786 Mission Blvd, Fremont, CA 94539-7949

MB
CA 01977909
Newmark | Orange County - Irvine
SK
CA 02002301
Newmark | Orange County - Irvine
Newmark | Orange County - Irvine
Listed by Newmark | Orange County - Irvine
$4,124,000
7 days on market
Updated 7 days ago

Bank of America (S&P: A+) | San Francisco MSA

Details
Property Type Retail
Sub Type Bank
Square Footage 4,200
Cap Rate 4.85%
NOI $200,000
Occupancy 100%
Tenancy Single
Brand/Tenant Bank of America
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/30/2040
Remaining Term 14.4
Rent Bumps Yes
Lease Options 3 (5-Year)
Year Built 1987
Buildings 1
Acreage 0.290
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 12/01/2025
Ground Lease Yes
Sale Condition For sale by owner

Retail | 4.85% CAP | 4,200 SqFt

Investment highlights

High Traffic Signalized Intersection Location (94,250 VPD)

  • The property is located on the Southeastern corner of the Mission Blvd / Warm Springs Blvd Intersection (94,250 vehicles per day) outparcel to a Safeway-anchored Fremont Town Center
  • 0.5 mi to Interstate 680 (141,776 VPD)
  • 0.5 mi to Interstate 880 (225,904 VPD)

Established Affluent East Bay Suburb | 0.5 mi from Tesla’s Fremont Factory

  • 63,185 people with an average household income of $200,525 live within a 3 mile radius
  • Tesla’s Fremont factory employs over 25,000 people and produces nearly 560,000 cars per year

Strong Retail Corridor | Proximity to the BART Warm Springs / South Fremont Stop & New Developments

  • Established retail corridor with Warm Springs Plaza, & Mission Square also on Mission Blvd
  • Over 180,000 people ride BART daily / BART Warm Springs stop is 1 mi away
  • Massive transit-oriented development underway including 1,000+ new multifamily units, townhomes, and mixed-use spaces 1 mi away

2nd Largest Bank in the U.S. | Bank of America (NYSE: BAC / S&P: A+)

  • Bank of America is the 2nd largest bank in the U.S. The company operates a nationwide retail banking business via 3,700 bank branches and 15,000 ATMs
  • Founded in 1904, Bank of America has a 100+ year operational history and today has over $3.4 Trillion in Assets

Exceptional Deposit Base | $1B+ Deposits

  • The subject property had $1,007,335,000 ($1.01 Billion) in deposits for the period ending 6/30/2025
  • Deposits have exceeded $1 billion since 6/30/2019

15-Year Extension | Fixed Rental Increases | Absolute NNN Ground Lease

  • New 15-year extension commenced 12/1/2025
  • The extension calls for 10% rental increases every 5 years in the base term and FMV increases not less than 103% of prior rent in each option period
  • The lease is a true absolute NNN ground lease with zero landlord repair and maintenance responsibilities

Listing Contacts

MB
CA 01977909
Newmark | Orange County - Irvine
SK
CA 02002301
Newmark | Orange County - Irvine
Newmark | Orange County - Irvine
Listed by Newmark | Orange County - Irvine

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Loan Amount
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$200,000.00
$16,666.67/mo

Valuation Metrics

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DSCR
4.85%
Cap Rate
4.85%
ROI

Map

Zoning

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TC-T MixedMixed UseTown Center Transitional District
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View all 119 uses
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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