for sale
Mission Inn & Suites
24400 Mission Blvd | Hayward, CA 94544
Investment Highlights
- 41 rooms, two-story, exterior corridor
- 10-Year NNN Lease: Through December 2031 with fixed $1,000 annual rent increases and zero landlord responsibilities
- Stable Cash Flow: Current rent $26,000/month ($312K annual) rising to $31,000/month ($372K annual) at maturity
- Passive Ownership: Tenant covers all taxes, insurance, maintenance, and utilities—no owner oversight required.
- Rebranded Independent Hotel: Mission Inn & Suites serves leisure, university, and corporate demand
- Prime East Bay Location: Prominent Mission Blvd frontage near CSU East Bay, I-880/I-580, and Oakland Airport
- Reversionary Value: Lessor retains all improvements and FF&E at lease end with tenant Right of First Refusal
Property Description
The Mission Inn & Suites – Hayward, CA presents a rare opportunity to acquire a stabilized, cash-flowing hospitality asset with a long-term triple-net (NNN) lease structure. Situated on 0.67 acres along Mission Boulevard, the property features 41 exterior-corridor guest rooms and approximately 15,872 square feet of building area.
The asset is operated under a 10-year NNN lease through December 2031, providing fully passive ownership with zero landlord responsibilities. The tenant pays all property taxes, insurance, maintenance, and utilities, supported by a $150,000 non-refundable security deposit and annual rent escalations of $1,000. Current rent is $26,000 per month ($312,000 annually), increasing to $31,000 per month ($372,000 annually) by lease maturity.
Location Description
Located in the heart of the East Bay, the hotel benefits from excellent visibility along Mission Blvd and strong lodging demand generated by California State University, East Bay, the Hayward Industrial Corridor, and Oakland International Airport. With consistent income growth, a rebranded independent operation, and reversionary ownership of all FF&E and improvements at lease expiration, the Mission Inn & Suites offers investors a secure, low-maintenance investment in a high-barrier-to-entry Bay Area market.
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David Bowman
Executive Vice President
CA #01356011
(818) 667-0627
dbowman@newgenadv.com
Johanna Rodriguez Cuevas
Associate
AZ #SA673924000
(805) 557-8689
jcuevas@newgenadv.com
BROKER OF RECORD
Andrew Post
NewGen Advisory CA, Inc.
CA #1960611