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 | |
| Updated | April 7th, 2016 |
| Type | Retail |
| Price | $1,080,000 |
| Building | 2,262 Sq. Ft. |
| Land | 0.23 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%
