Historical Retail Sale Listing - Superior Toyota Scion of Oakland

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Superior Toyota Scion of Oakland

8181 Oakport Drive, Oakland, CA 94621

N/A

184,824 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
184,824 SF
Property Type:
Retail
Property Sub-type:
Vehicle Related
Property Use Type:
Net Lease Investment with
10+ years left on lease
Commission Split:
0.5%
Cap Rate:
7%
Occupancy:
100%
Tenancy:
Single
Year Built:
2008
Lot Size:
6.40 AC
Listing ID
15818846
Last Updated
over 1 year ago

Highlights

  • Brand New State-of-the-Art Auto Dealership
  • Long Term True NNN Lease - No Owner Obligations
  • Corporate Guaranty - Superior Auto Group, LLC - 73rd Largest Dealership Group in the Nation

Description

We are pleased to present this exceptional NNN leased investment, Superior Toyota/Scion - Oakland CA

With their Grand Opening scheduled for December 1, 2008, Superior Toyota/Scion is designed as a state-of-the-art 184,824 square foot automotive dealership situated on 6.4 acres of land. Superior Automotive is anticipating LEED Silver Certification by implementing unique design features to lower energy consumption and be more environmentally friendly. The facility will feature 50 interior service bays, an on-site restaurant, and offer a free shuttle service to the adjacent Oakland airport.

Toyota, the nation' s #1 Dealer franchise, boasts impressive sales history that has been built around extraordinary service to its customers and the community. Superior Automotive Group is ranked as one of the top 125 highest performing dealership groups in the U.S.

The Bay Area is Toyota's #1 market in the US. Serving nearly 400,000 people within a 5 mile radius with an average income of over $53,000 per year, Superior' s success will be unequaled by its competitors in this brand new, high profile, highly visible location fronting the Interstate 880 the main thoroughfare connecting Oakland to San Jose.

Viewed by nearly 250,000 cars per day from Interstate 880, Superior Toyota/Scion Oakland is located in the Coliseum Auto Mile which has seen tremendous growth with the opening of the Hegenberger Gateway Shopping Center anchored by Wal-Mart along with the newly completed 174 room Holiday Inn.

Map of 8181 Oakport Drive, Oakland, CA 94621 (Alameda County)

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Created 7/24/2008