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38995 Farwell Dr
Fremont, CA 94536
I-880 Quik Stop · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,299 SF
Building Class
C
Year Built
1969
Tenancy
Single
Building Height
2 Stories
Building FAR
0.37
Lot Size
0.33 AC
Zoning
Commercial
Parking
10 Spaces (1.89 Spaces per 1,000 SF Leased)
Frontage
63’ on Farwell Dr

About 38995 FARWELL DR , FREMONT, CA 94536

Marcus and Millichap is pleased to present a +/- 5,299 Square Foot Gas Station and Convenience store located in Fremont, CA. Positioned on a third of an acre parcel, this asset benefits from being positioned less than a quarter mile from I-880 which has daily traffic count of 237,000 Vehicles Per Day. This property was the Headquarters of Quik Stop in the late 1960s and 1970s, and there is still an office leased and maintained by the tenant above the C-Store. The lease on the building is NNN, with all maintenance responsibilities falling to the Tenant, including Roof and Structure. There are 4 Options to extend the lease term left on the property, each with an attractive 10% rental increase. The next increase is in 2023, putting the Pro-Forma CAP Rate at 4.84% at the list price.

Property Taxes

Property Taxes

Parcel Number
531-0006-010-00
Land Assessment
$874,904
Improvements Assessment
$1,399,846
Total Assessment
$2,274,750
  • Listing ID: 18263371

  • Date on Market: 1/22/2020

  • Last Updated:

  • Address: 38995 Farwell Dr, Fremont, CA 94536

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