Premier Automotive 5601-5701 Cushing Pky 66,995 SF 100% Leased Retail Building Fremont, CA 94538 $33,550,000 ($500.78/SF) 6% Cap Rate

* Absolute NNN Lease with Built-In Rental Growth – The entire site is leased to Premier Automotive on an absolute NNN basis through December 2033, with zero landlord responsibilities. Rent increases every 3 years (next bump January 1, 2028), providing a reliable inflation hedge with two 5-year renewal options beyond the primary term.

* Established, High-Revenue Tenant – Premier Automotive is a privately-owned, multi-state automotive group founded in 1995 and headquartered in New Orleans. The company operates 36 franchises across the south and southwest U.S., generating over $2 billion in revenue from new car sales in 2025 and ranking #44 on the Automotive News Top 150 Dealership Groups. The lease is backed by personal and corporate guarantees.

* Multi-Brand, Class A Facility – The property comprises ±66,995 SF across two parcels, including two showrooms (Premier Nissan and Premier Subaru), three sets of service bays, a car wash, and a dedicated auto detail and prep center on Bunche Drive. Built in 2007 and expanded in 2016 and 2022, the facility represents significant capital investment in a proven location.

* Dominant Position in an Established, Supply-Constrained Auto Mall – Located on a highly visible corner of the Fremont Auto Mall alongside Toyota, Mercedes, Lexus, BMW, Audi, Honda, Hyundai, Porsche, Acura, Chevrolet, Cadillac, Buick, and GMC. There are no sites zoned for auto sales available within the Auto Mall, creating a hard barrier to entry for any competing franchisee.

* Premier East Bay Infill Location with Exceptional Demographics – Situated at the intersection of Cushing Parkway (±14,970 VPD) and Bunche Drive with I-880 High Identity Signage and proximity to ±300,000 CPD traffic at Auto Mall Parkway. The property sits adjacent to Pacific Commons, a 1.05 million SF regional lifestyle and power center, and across I-880 from Tesla's 5.5 million SF manufacturing plant. The 5-mile trade area supports 230,000+ residents with average household incomes exceeding $214,000 and median home prices of $1.5–$1.6M.

* Strongest Job Market and Growth Corridor in the U.S. – Fremont is the 4th largest city in the Bay Area, home to 1,200+ high-tech, life science, and clean technology firms, and ranked #1 in the country for start-ups per capita. Facebook controls roughly 2 million SF of commercial space within 10 miles via the Dumbarton Bridge, and the forthcoming Irvington BART Station (projected to open 2031) further cements long-term demand fundamentals for the submarket.