8450 Edgewater Dr
Oakland, CA 94621
Retail Property For Sale

The Hegenberger Gateway Retail Center is broken up into 4 suites with an average size of just under 1,500 square feet. This exceptionally located 5,775 square foot retail center sits on 31,892 square feet of land. The property is ideally located less than one mile off Interstate 880 which provides access from San Jose to Oakland. The subject property was constructed in 2004 and has maintained strong occupancy since inception. The property is exposed to over 60,000 cars per day on Hegenberger Rd and Edgewater Dr, respectively. The Hegenberger Gateway center features a synergistic tenant mix of Starbucks, Subway, Wingstop and The Raider Image. Starbucks renewed their lease for 10 years in 2012, demonstrating their commitment and overall performance of the location. Starbucks, Wingstop and The Raider Image have been at the property since it was constructed in 2004 giving an incoming investor confidence that this is an ideal trade area for these businesses. Wingstop’s lease runs until September of 2020, but they exercised their 1st option in 2015. Subway Corporate signed a 5 year lease in 2015 with expiration in December of 2020. The Raider Image is the only tenant in the center which has some renewal risk. The Raider Image is the 2nd largest tenant in the shopping center with roughly 29% of the space and are currently paying about $4 PSF per month in base rent.