Property Detail
Description
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 11/01/2025 to 10/31/2030, 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 the I-880 freeway. Perfect for 1031 exchange buyers seeking long-term, management-free income from a nationally recognized tenant.
Map Location
Listing provided courtesy of Kenny Zhang of Realty One Group Extreme. Last updated 2025-08-22 08:43:29.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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