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43921 Osgood Rd 2,670 SF Retail Building Fremont, CA 94539 $3,000,000 ($1,123.60/SF) 4.50% Cap Rate
Investment Highlights
- Long-Term Lease: Jack in the Box recently executed a 10-year lease extension (through April 2036) with ten years of firm term remaining.
- Creditworthy Tenant: Jack in the Box is a publicly traded Fortune 500 company with over 2,200 locations nationwide.
- 10% Rental Increases Every 5-Years Including Option Periods
- Absolute NNN Structure: Tenant is responsible for all expenses, offering passive, management-free ownership.
- Prime Visibility & Access: Signalized intersection location with exposure to more than 62,000 vehicles per day combined from Osgood Road and Auto Mall
Executive Summary
The offering consists of a 2,670-square-foot single-tenant net-leased building situated on a 0.76-acre parcel in Fremont, California. The property is
leased to Jack in the Box under an absolute triple-net (NNN) lease with ten (10) years remaining on the current firm term.
Jack in the Box has occupied the location since February of 1999. In 2026, the tenant executed a new 10-year lease commencing February 12, 2026,
with a scheduled expiration on April 3, 2036. The lease includes four 5-year renewal options along with 10% rental increases every 5 years,
including the option periods.
The building, originally constructed in 1999, has operated as Jack in the Box continuously since its development, underscoring the strength of this
location for fast food-related tenants.
The property is strategically positioned at the signalized intersection of Osgood Road and Auto Mall Parkway, just one block from the Interstate 680
/ Auto Mall Parkway interchange and 1.3 miles from the Interstate 880 / Auto Mall Parkway interchange. This prime location benefits from heavy
traffic, with over 47,000 vehicles per day along Auto Mall Parkway and 15,000 vehicles per day along Osgood Road. The site offers excellent
visibility and convenient access.
The property is part of a larger shopping center, known as the Skyway Plaza Shopping Mall, anchored by well-known retailers including Walmart,
Dollar Tree, Panda Express, Great Clips, ToGo’s Sandwiches, and Chipotle Mexican Grill.
Other tenants within the immediate area include Western Digital’s Magnetic Head Operations, Home Depot, Subway, Quiznos, and Starbucks.
leased to Jack in the Box under an absolute triple-net (NNN) lease with ten (10) years remaining on the current firm term.
Jack in the Box has occupied the location since February of 1999. In 2026, the tenant executed a new 10-year lease commencing February 12, 2026,
with a scheduled expiration on April 3, 2036. The lease includes four 5-year renewal options along with 10% rental increases every 5 years,
including the option periods.
The building, originally constructed in 1999, has operated as Jack in the Box continuously since its development, underscoring the strength of this
location for fast food-related tenants.
The property is strategically positioned at the signalized intersection of Osgood Road and Auto Mall Parkway, just one block from the Interstate 680
/ Auto Mall Parkway interchange and 1.3 miles from the Interstate 880 / Auto Mall Parkway interchange. This prime location benefits from heavy
traffic, with over 47,000 vehicles per day along Auto Mall Parkway and 15,000 vehicles per day along Osgood Road. The site offers excellent
visibility and convenient access.
The property is part of a larger shopping center, known as the Skyway Plaza Shopping Mall, anchored by well-known retailers including Walmart,
Dollar Tree, Panda Express, Great Clips, ToGo’s Sandwiches, and Chipotle Mexican Grill.
Other tenants within the immediate area include Western Digital’s Magnetic Head Operations, Home Depot, Subway, Quiznos, and Starbucks.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,670 SF
Building Class
C
Year Built
1999
Price
$3,000,000
Price Per SF
$1,123.60
Cap Rate
4.50%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.76 AC
Parking
10 Spaces (3.75 Spaces per 1,000 SF Leased)
Frontage
40’ on Osgood Ct
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 519-1353-002-00 | Improvements Assessment | $1,497,077 |
| Land Assessment | $940,572 | Total Assessment | $2,437,649 |
Property Taxes
Parcel Number
519-1353-002-00
Land Assessment
$940,572
Improvements Assessment
$1,497,077
Total Assessment
$2,437,649
Contacts
-
Edward Nelson -
Eddie Nelson -
Bret Nicholson -
Marcus & Millichap Real Estate Investment Services
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