AAA Auto Care Leased Investment | 24019 Mission Blvd
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AAA Auto Care Leased Investment 24019 Mission Blvd
7,770 SF Retail Building Hayward, CA 94544 $4,713,000 ($607/SF) 6.25% Cap Rate
Investment Highlights
- New 10-year lease with AAA of Northern CA
- Rare Bay Area asset 20 miles from San Francisco
- Strong submarket with an existing AAA customer base
- Tenant is performing very well, leased adjacent parking lot to support demand (NAP)
Executive Summary
Strong credit, long term leased with minimal landlord responsibilities, bay area asset for sale
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,770 SF
Building Class
C
Year Built/Renovated
1956/2022
Price
$4,713,000
Price Per SF
$607
Cap Rate
6.25%
NOI
$294,577
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Land Acres
0.42 AC
Zoning
MB-T4-1-COMM 2
Parking
21 Spaces (2.7 Spaces per 1,000 SF Leased)
Frontage
100 FT on Mission Blvd
Amenities
- Pylon Sign
Walk Score ®
Very Walkable (89)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 444-0030-012-02 | Improvements Assessment | $1,204,783 |
Land Assessment | $1,552,276 | Total Assessment | $2,757,059 |
PROPERTY TAXES
Parcel Number
444-0030-012-02
Land Assessment
$1,552,276
Improvements Assessment
$1,204,783
Total Assessment
$2,757,059
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AAA Auto Care Leased Investment | 24019 Mission Blvd
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