720 High St - Service Station FOR SALE


Oakland, CA 94601
$6,700,000 USD
925-974-0237
720 High St, Oakland, CA for Sale
$6,700,000 USD
Service Station - FOR SALE
1/5
null | 4.39% Cap Rate

720 High St
Oakland, CA 94601


HIGHLIGHTS

  • Perfectly located freeway-oriented fuel station/C-Store/car wash/restaurant with freeway visible pylon sign (200,000 ADT).
  • Experienced operator occupying the Property since 2017 – two personal guarantees on the lease.
  • Extremely high-volume fuel station is highly profitable for the tenant.
  • Absolute Triple Net Lease with rare 2.75% annual increases.
  • Located near Home Depot and the Interstate 880 on-ramp.
  • High Street leads directly into Alameda.

OVERVIEW

Newmark, as exclusive advisor, is pleased to offer the opportunity to acquire the fee simple interest (land and building) in 720 High Street (the “Property”) in Oakland, California. The Property is leased to Go Petroleum on an absolute triple net basis with the initial term expiring in 2037 and includes a 16-pump fueling station, drive through car wash, convenience store, and El Senor Burrito fast casual restaurant. Ideally located on a large, 0.82-acre site at the highly trafficked entrance to Interstate 880, the Property’s dedicated pylon signage provides outstanding visibility to over 220,000 vehicles passing daily.

FOR SALE DETAILS

PRICE

$6,700,000 USD

PRICE/SF

$2,815 USD /SF

CAP RATE

4.39%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GO! PETROLEUM

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

CIX-2

APN/PARCEL ID

034-2290-006-03

ASK ABOUT THIS PROPERTY

Forrest GherloneNewmarkMore Info
925-974-0237

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Forrest GherloneNewmarkMore Info
925-974-0237

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.