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Prime single-tenant Absolute NNN investment in Hayward, CA, leased to Panda Express, Inc. corporate-guaranteed and operating at this location since 2005. ±2,406 SF freestanding building, built in 2005. Tenant pays 100% of property taxes, insurance, HOA, and all maintenance, providing truly passive income for the owner. Current term runs 11/01/202510/31/2030, with two (2) five-year extension options. Offering a 7.78% CAP at the $2,280,000 asking price significantly above the typical 4.5%6% range for similar Bay Area NNN properties. Located on a high-visibility signalized corner at Whipple Blvd & Industrial Pkwy SW, adjacent to Target, Costco, and I-880 freeway. Perfect for 1031 exchange buyers seeking long-term, management-free income from a nationally recognized tenant.
Last Updated | 8/8/2025 | Year Built | 2005 |
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Community | 699 - Not Defined | County | Alameda |
Additional Details
AIR | Central Air |
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AIR CONDITIONING | Yes |
AREA | 699 - Not Defined |
LOT | 1.6261 acre(s) |
STORIES | 1 |
WATER | Public |
Location
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