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Shopping Strip

8460 Edgewater Drive

8460 Edgewater Dr, Oakland, CA 94621

Listing Price: $6,000,000

Cap Rate
7.37%
Gross SF
9,904
Rentable SF
9,904
Price/Gross SF
$605.82
Lot Size
1.04 acres
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in 8460 Edgewater Drive, Oakland, California (“subject property”). The subject property is a modern, five-unit, strip retail center with a diversified mix of predominantly national retail tenants. Current tenants include: Chipotle Mexican Grill, T-Mobile, Jamba Juice and Philly’s Best Cheesesteaks. Located within the Hegenberger Gateway Retail Center, the subject property offers close proximity to Oakland International Airport, the Oakland Airport Business Park (a commercial area comprising approximately 400 acres located northwest of the Airport), the Port of Oakland Business Center, and nearby hotels that cater to the airport travelers – Courtyard by Mariott, Hilton, SpringHill Suites by Mariott, Best Western Plus, and more. All of these surrounding entities ensure high visibility and steady foot traffic to the subject property. Other retailers nearby the subject property include: Raising Cane’s Chicken Fingers, Starbucks, Wingstop, Subway, In-N-Out Burger, Panda Express, Black Bear Diner and Dunkin’ Donuts. This retail investment opportunity offers a stable return on investment via the balanced mix of reputable tenants at a yield that is competitive to similar retail property offerings in the San Francisco Bay Area region.

Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in 8460 Edgewater Drive, Oakland, California (“subject property”). The subject property is a modern, five-unit, strip retail center with a diversified mix of predominantly national retail tenants. Current tenants include: Chipotle Mexican Grill, T-Mobile, Jamba Juice and Philly’s Best Cheesesteaks. Located within the Hegenberger Gateway Retail Center, the subject property offers close proximity to Oakland International Airport, the Oakland Airport Business Park (a commercial area comprising approximately 400 acres located northwest of the Airport), the Port of Oakland Business Center, and nearby hotels that cater to the airport travelers – Courtyard by Mariott, Hilton, SpringHill Suites by Mariott, Best Western Plus, and more. All of these surrounding entities ensure high visibility and steady foot traffic to the subject property. Other retailers nearby the subject property include: Raising Cane’s Chicken Fingers, Starbucks, Wingstop, Subway, In-N-Out Burger, Panda Express, Black Bear Diner and Dunkin’ Donuts. This retail investment opportunity offers a stable return on investment via the balanced mix of reputable tenants at a yield that is competitive to similar retail property offerings in the San Francisco Bay Area region.

Investment Highlights

  • National Brands: Chipotle Mexican Grill, T-Mobile, and Jamba Juice carry strong national recognition, excellent tenant credit, and a steady stream of loyal clientele.
  • High Visibility and Accessibility: Located on the well-trafficked Hegenberger corridor, benefitting from both local and airport-related vehicle and foot traffic.
  • Minimal Landlord Responsibilities: All leases are on shopping center NNN leases.

Exclusively Listed By

Shopping Strip

8460 Edgewater Drive

Listing Price: $6,000,000

Cap Rate
7.37%
Gross SF
9,904
Rentable SF
9,904
Price/Gross SF
$605.82
Lot Size
1.04 acres
Year Built
2005

Investment Highlights

  • National Brands: Chipotle Mexican Grill, T-Mobile, and Jamba Juice carry strong national recognition, excellent tenant credit, and a steady stream of loyal clientele.
  • High Visibility and Accessibility: Located on the well-trafficked Hegenberger corridor, benefitting from both local and airport-related vehicle and foot traffic.
  • Minimal Landlord Responsibilities: All leases are on shopping center NNN leases.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in 8460 Edgewater Drive, Oakland, California (“subject property”). The subject property is a modern, five-unit, strip retail center with a diversified mix of predominantly national retail tenants. Current tenants include: Chipotle Mexican Grill, T-Mobile, Jamba Juice and Philly’s Best Cheesesteaks. Located within the Hegenberger Gateway Retail Center, the subject property offers close proximity to Oakland International Airport, the Oakland Airport Business Park (a commercial area comprising approximately 400 acres located northwest of the Airport), the Port of Oakland Business Center, and nearby hotels that cater to the airport travelers – Courtyard by Mariott, Hilton, SpringHill Suites by Mariott, Best Western Plus, and more. All of these surrounding entities ensure high visibility and steady foot traffic to the subject property. Other retailers nearby the subject property include: Raising Cane’s Chicken Fingers, Starbucks, Wingstop, Subway, In-N-Out Burger, Panda Express, Black Bear Diner and Dunkin’ Donuts. This retail investment opportunity offers a stable return on investment via the balanced mix of reputable tenants at a yield that is competitive to similar retail property offerings in the San Francisco Bay Area region. Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in 8460 Edgewater Drive, Oakland, California (“subject property”). The subject property is a modern, five-unit, strip retail center with a diversified mix of predominantly national retail tenants. Current tenants include: Chipotle Mexican Grill, T-Mobile, Jamba Juice and Philly’s Best Cheesesteaks. Located within the Hegenberger Gateway Retail Center, the subject property offers close proximity to Oakland International Airport, the Oakland Airport Business Park (a commercial area comprising approximately 400 acres located northwest of the Airport), the Port of Oakland Business Center, and nearby hotels that cater to the airport travelers – Courtyard by Mariott, Hilton, SpringHill Suites by Mariott, Best Western Plus, and more. All of these surrounding entities ensure high visibility and steady foot traffic to the subject property. Other retailers nearby the subject property include: Raising Cane’s Chicken Fingers, Starbucks, Wingstop, Subway, In-N-Out Burger, Panda Express, Black Bear Diner and Dunkin’ Donuts. This retail investment opportunity offers a stable return on investment via the balanced mix of reputable tenants at a yield that is competitive to similar retail property offerings in the San Francisco Bay Area region.

Exclusively Listed By

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