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Union City Corporate Chevron 1990 Decoto Rd 1,664 SF Retail Building Union City, CA 94587 $3,250,000 ($1,953.13/SF)
Investment Highlights
- Long-Term Chevron Corporate Ground Lease A rare opportunity to acquire the fee simple interest in land leased to Chevron.
- Attractive 1031 Exchange Opportunity for investors seeking dependable monthly cash flow.
- Income Growth
Executive Summary
Rare opportunity to acquire the fee simple interest in a Chevron corporate ground lease investment in the heart of Union City. Chevron has successfully operated at this location since 1966 under an absolute NNN ground lease with minimal landlord responsibilities. The property benefits from scheduled rental increases, strong underlying real estate fundamentals, and a highly visible signalized corner. An ideal acquisition for 1031 exchange buyers, family offices, and investors seeking stable, passive income backed by a globally recognized tenant.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
1,664 SF
Building Class
C
Year Built
1995
Price
$3,250,000
Price Per SF
$1,953.13
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.57 AC
Frontage
194’ on Decoto Rd
Amenities
- Pylon Sign
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 087-0019-002-00 | Improvements Assessment | $880,678 |
| Land Assessment | $764,987 | Total Assessment | $1,645,665 |
Property Taxes
Parcel Number
087-0019-002-00
Land Assessment
$764,987
Improvements Assessment
$880,678
Total Assessment
$1,645,665
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Union City Corporate Chevron | 1990 Decoto Rd