Starbucks & Noah's Bagels

3347-3351 Lakeshore Ave,
Oakland, CA 94610

Core Urban Infill Retail Location

$4,240,000
Offering Price
$195,105
NOI
4.60%
Cap Rate
$932
Price Per SF
4,550
Building SF
Multiple
Tenancy
$4,240,000
Offering Price
$195,105
NOI
4.60%
Cap Rate
$932
Price Per SF
4,550
Building SF
Multiple
Tenancy

INVESTMENT OVERVIEW

  • Essential CRE is proud to offer for purchase 3347-3351 Lakeshore Ave in Oakland, CA - Starbucks and Noah's Bagels. The subject property is 4,550 square feet, resides on a .12 acre lot and is situated on a prime, signalized intersection with strong daily foot and traffic counts - 17,981 vehicles per day. Both Starbucks and Noah's Bagels have operated on site since 1996. Both tenants are paying below market rent with Starbucks last extension set at fair market value. Noah's Bagels lease calls for annual CPI increases - 2% minimum. This opportunity provides an investor with stabilized cash flow, annual rent growth and future upside in a prime Oakland submarket.

INVESTMENT HIGHLIGHTS

  • Rare Lakeshore Avenue - Oakland CA - Starbucks & Noah's Bagels NNN Opportunity
  • Strong Historical Occupancy; Both Tenants Have Operated at Current Location since 1996
  • Starbucks next Extension at FMV, Noah's Bagels Lease Calls for Annual CPI Increases (2% Min)
  • Surrounded by Strong, Vibrant Mix of National and Local Boutique Retailers
FOR MORE DETAILS CONTACT
Michael Cisternino
Managing Principal
(925) 388-0888
michael@essentialcre.com
CA 01708023, NV 1002492, ID PR59295
Nick Cole
Vice President of Investments
(925) 482-7044
nick@essentialcre.com
CA 01977282