Oakland, CA 94610

Starbucks

Property Address

470 Lake Park Avenue, Oakland, CA, USA

Offering Summary

  • Price: $3,700,000
  • Lot Size: 0.13 Acres
  • Cap Rate: 4.0%
  • Year Built: 1968 / 2020
  • Building SF: 1,600
  • Status: In Escrow
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  • Brand New 10-Year Corporate Lease with Starbucks
  • 10% Rental Increases Every 5 Years
  • Dense Oakland Location in the San Francisco Bay Area - 542,343 Residents within a 5-Mile Radius
  • Property Has 9 On-Site Parking Spaces - RARE for the Oakland/SF Bay Area
  • Fully Renovated Interior and Exterior in December 2020
  • Located Immediately Off the Highly Trafficked I-580 (217,000+ Cars/Day)
  • Situated in the Grand Lake Neighborhood in the Heart of One of Oakland’s Most Visited Commercial and Retail Hubs
  • Affluent Trade Area - Average Household Income Exceeds $129,000 in 1 Mile

Broker Information