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Investment Highlights
- $30,000 annual rent producing $22,990 NOI and a 6.57% Cap Rate
- Quickly (national boba brand) with 19+ years operating at this location
- Two retail condo units totaling 375 SF, combined as a single street-level storefront
- NN lease with tenant responsible for CAM, utilities, maintenance, and association dues
- Lease through 8/31/2027 with one 2-year option at market rent, offering upside
- Prime Oakland Chinatown location near Lincoln Square Park with strong pedestrian traffic
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Mezzanine
- Signage
1 Unit Available
Unit 118-119
| Unit Size | 375 SF | Sale Type | Investment |
| Price | $350,000 | Cap Rate | 6.57% |
| Price Per SF | $933.33 | NOI | $22,995 |
| Condo Use | Retail |
| Unit Size | 375 SF |
| Price | $350,000 |
| Price Per SF | $933.33 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.57% |
| NOI | $22,995 |
Sale Notes
324 10th St Units 118–119 offers a rare opportunity to acquire a street-level retail condominium investment in the heart of Oakland Chinatown. The combined 375 SF storefront is leased to Quickly, a nationally recognized boba brand with 19+ years operating at this location. The NN lease structure provides minimal landlord responsibilities and stable income of $30,000 annually ($22,990 NOI), equating to a 6.57% cap rate. Lease term runs through August 2027 with a two-year renewal option at market rent.
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Walk Score®
Walker's Paradise (100)
Transit Score®
Excellent Transit (89)
Bike Score®
Very Bikeable (85)
Nearby Major Retailers
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324 10th St
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