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GO! PETROLEUM 720 High St 2,380 SF Retail Building Oakland, CA 94601 $6,700,000 ($2,815.13/SF) 4.39% Cap Rate
INVESTMENT HIGHLIGHTS
- Perfectly located freeway-oriented fuel station/C-Store/car wash/restaurant with freeway visible pylon sign (200,000 ADT).
- Extremely high-volume fuel station is highly profitable for the tenant.
- Located near Home Depot and the Interstate 880 on-ramp.
- Experienced operator occupying the Property since 2017 – two personal guarantees on the lease.
- Absolute Triple Net Lease with rare 2.75% annual increases.
- High Street leads directly into Alameda.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,380 SF
Building Class
C
Year Built
2005
Price
$6,700,000
Price Per SF
$2,815.13
Cap Rate
4.39%
NOI
$294,429
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.82 AC
Opportunity Zone
Yes
Zoning
CIX-2 - Commercial Industrial Mix-2
Parking
10 Spaces (4.2 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 034-2290-006-03 | Improvements Assessment | $418,143 |
| Land Assessment | $815,840 | Total Assessment | $1,233,983 |
PROPERTY TAXES
Parcel Number
034-2290-006-03
Land Assessment
$815,840
Improvements Assessment
$418,143
Total Assessment
$1,233,983
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GO! PETROLEUM | 720 High St
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