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9823 International Blvd
Oakland, CA 94603
Retail Property For Sale
Investment Highlights
- Brand-new build-out with executed 10-year NNN lease.
- Two five-year extension options extend income to 20 years.
- 5-Mile Average Household Income of $126,483/year and median home value of $814,396.
- 3% fixed annual increases throughout original term and option periods.
- Personal guaranties from both founders, joint and several.
Executive Summary
Single-tenant ±2,256 SF drive-thru restaurant occupied by Hyphy Burger — a culturally rooted Oakland-born smashburger concept — secured by a 10-year NNN lease with 3% fixed annual increases, two five-year options, and personal guaranties from the founders.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,161 SF
Building Class
C
Year Built/Renovated
1989/2025
Price
$1,616,000
Price Per SF
$313.12
Cap Rate
6.50%
NOI
$105,060
Tenancy
Single
Building Height
1 Story
Building FAR
0.55
Lot Size
0.22 AC
Zoning
3600-Restaurant
Parking
11 Spaces (4.88 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Numbers | Improvements Assessment | $459,000 | |
| Land Assessment | $459,000 | Total Assessment | $918,000 |
Property Taxes
Parcel Numbers
Land Assessment
$459,000
Improvements Assessment
$459,000
Total Assessment
$918,000
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