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$ 2,280,000
Est. payment | /mo
1.63 Acres Lot
$ 2,280,000
Est. payment | /mo
1.63 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82017399
HOA Y/N No
Year Built 2005
Lot Size 1.626 Acres
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 11/01/202510/31/2030, 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 I-880 freeway. Perfect for 1031 exchange buyers seeking long-term, management-free income from a nationally recognized tenant.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning Industrial Park
Interior
Cooling Central Air
Fireplace No
Exterior
Roof Type Flat
Present Use Industrial
Total Parking Spaces 80
Building
Story 1
Water Public
Others
Tax ID 4750182002
Security Features Fire Sprinkler System,Window Bars
Listed by Kenny Zhang Realty One Group Extreme
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