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Regional Mall Subdivision | Hobby Lobby 551 Southland Mall 106,609 SF 100% Leased Retail Building Hayward, CA 94545 $27,278,704 CAD ($255.88 CAD/SF) 7.35% Cap Rate

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INVESTMENT HIGHLIGHTS

Corporate Backed Leases | Options To Extend | Fully Occupied
Strong Demographics In 5-Mile Trade Area | Affluent 6-Figure AHHI

Fee Simple Ownership | Pride of Ownership | Highly Trafficked Mall Southland Mall (1.3M+ SF) | Nearby National/Credit Tenants

EXECUTIVE SUMMARY

SRS Capital Markets is pleased to present the opportunity to acquire the fee simple interest (land and building ownership) in a fully occupied, 106,609 SF retail asset located within Southland Mall in Hayward, CA—one of the San Francisco Bay Area’s most visited regional shopping destinations. The property sits in a high-traffic, high-visibility mall environment that consistently draws strong daily footfall, supporting tenant performance and long-term real estate value. The asset is 100% leased to a compelling roster of three e-commerce-resistant tenants—Hobby Lobby, Round 1 Entertainment, and Illegal Burger—offering durable income backed by corporate credit, contractual rent growth, and meaningful renewal optionality. Hobby Lobby anchors the ground floor under a 10-year corporate lease through 2033 with two five-year options and scheduled rent increases every five years. Round 1 Entertainment occupies the second floor with term through 2029, two five-year options, and rent increases at each renewal. Illegal Burger recently executed a five-year lease for the remaining ground-floor corner space. Notably, both Round 1 and Illegal Burger include percentage rent provisions, providing additional upside and reflecting strong, outperforming sales at this high-producing location.