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Listed by Kenny Zhang • Realty One Group Extreme
$ 2,280,000
Est. payment | /mo
2,406 SqFt
$ 2,280,000
Est. payment | /mo
2,406 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 2,406 sqft
Price per Sqft $947
MLS Listing ID ML82017399
HOA Y/N No
Year Built 2005
Lot Size 1.626 Acres
Property Sub-Type Comm Ind For Sale
Source Datashare MLSListings
Property Description
Prime single-tenant Absolute NNN investment in Hayward, CA, leased to Panda Express, Inc., corporate-guaranteed and operating at this location since 2005. 2,406 SF freestanding building, built in 2005. Tenant pays 100% of property taxes, insurance, HOA, and all maintenance, providing truly passive income for the owner. Current term runs 11/01/2025 to 10/31/2030, with two (2) five-year extension options. Offering a 7.78% CAP at the $2,280,000 asking price, significantly above the typical 4.5%-6% range for similar Bay Area NNN properties. Located on a high-visibility signalized corner at Whipple Blvd & Industrial Pkwy SW, adjacent to Target, Costco, and the I-880 freeway. Perfect for 1031 exchange buyers seeking long-term, management-free income from a nationally recognized tenant.
Location
State CA
County Alameda
Interior
Fireplace No
Building
Water Public
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227