191 98th Avenue, Oakland, CA 94603; Neighborhood Center For Sale; D-3 in Alameda County
191 98th Avenue, Oakland, CA 94603
Retail Property For Sale
Gross Leasable Area:
Property Use Type:
Property on Ground Lease?:
100% leased strip center with 6 nationally recognized tenants
Annual rent increases in many leases
10% cap rate, projected 16.5% cash on cash year 1 with proposed debt or all cash
Value add component with permitted car wash and potential billboard
Located on heavily traveled thoroughfare between I-880 and Oakland Int’l Airport
34.5 year leasehold interest – 100% Depreciable property -1031 eligible
Airport Plaza presents the rare opportunity to purchase a 5+ year old value add retail center with national tenants at a signalized intersection on the the main artery into Oakland International Airport. The offering has the the following nationally recognized tenants: Chevron, Starbucks, Wendy’s, Subway, and Clear Channel.
Located along 98th Avenue in Oakland, Airport Plaza is ideally situated between I-880 and the Oakland International Airport enjoying a constant stream of traffic.