66 MacArthur Boulevard
$1,550,000
66 MacArthur Boulevard, Oakland, CA 94610
For Sale
Retail
Service Gas Station
Active
Last Updated: 08/12/2021
5.3
Cap Rate
82,320
NOI
Details:
Cap Rate: 5.3%
NOI: $82,320
Cash-on-Cash: 4.3%
Pro Forma Cap Rate : 5.3%
Building Size: 1,992 sqft
Lot Area: 12,365 sqft
Occupancy: 100%
Class: B
Lease Type: Triple Net
Zoning: CN-4
Parking Spots: 8
Lease Expire Year: 06/30/2024
Highlights:
- 5.3 CAP Rate
- NNN lease with corporate guarantee
- Freeway visabilty
- Prime Location in center of San Fansisco Bay Aarea.
- $82,320 annual income
- Seller may carry with 40% down.
Description:
Incredible value! Rare NNN leased gas station/convenience store. Just off 580 West, Harrison St. off ramp, blocks form Kaiser Hospital. 5.3 CAP Rate on existing rents. Corporate Guarantee. Gas station has been at this site since 1966. Existing lease has 4 years to go, with one 5 year option. Zoning of CN-4 allows for up to 22 units for future development.
Location
Gallery
