Property Listing No Longer Available for Sale

640 West Grand Avenue, Oakland, CA

Retail for Sale - $1,080,000 - 2,262 Sq. Ft. on 0.23 acres


Property Info

CIMLS#864855
Location
  640 West Grand Avenue
  Oakland CA 94612
UpdatedApril 7th, 2016
TypeRetail
Price$1,080,000
Building2,262 Sq. Ft.
Land0.23 acres

Property Description

This is an extremely rare absolute net leased opportunity unlike anything else available in the market. There are over 7 years remaining on the initial 10 year Oil Changers lease with CPI rental increases every three years. The asset is conveniently located on a major commercial thoroughfare in Oakland, California.

Location Description:

Oakland is a major West Coast port city in the state of California. Oakland is the third largest city in the San Francisco Bay Area, the eighth-largest city in California, and the 45th-largest city in the U.S. with a population of 413,775 as of 2014.

Highlights:

>> Absolute NNN lease

>> 100% fee simple interest

>> Established long term tenancy

>> Zero landlord obligations

>> Scheduled increases in rent

>> Well situated on a major commercial thoroughfare

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Financials

Sales Info:

>> Commision split: 5.0%


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