Drive-Through Restaurant Net
For Sale
Contact for pricing
Pending
8400 Edgewater Dr, Oakland, CA 94621
New construction drive-through restaurant leased to Raising Cane’s on a long-term absolute net basis.
Property SizeContact for details
Days on Market121
Property Features for 8400 Edgewater Dr
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Cushman & Wakefield - San Francisco, California
Listed By:
Christopher Sheldon · License #CA 01806345
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 8 at 12:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - San Francisco, California
Investment Insights
Based on property information with market context.
A new construction drive-through restaurant on a 0.95-acre lot totaling 3,267 square feet, offered as an absolute net lease. The facility features double drive-thru service and supports sit-down, takeout, and mobile ordering based on the property’s stated concept. The property is ground leased to RAISING CANE’S RESTAURANTS, L.L.C. for a 15-year term with rent commencement on May 1, 2022, along with rent increases of 10% every 5 years during the primary term and at the start of the option periods (three 5-year options and one 4-year option).
Base rent is supplemented by additional rent, including an annual CAM contribution of $9,000 for the first lease year, increasing 3% annually throughout the lease. The property is also responsible for an estimated $300 for common area maintenance of the center in the first lease year. Under the lease structure, the tenant is responsible for all taxes, insurance, maintenance, and repair.
The property is located just off I-880 (210,000 VPD). Hegenberger Road is identified as an outparcel to a planned last-mile logistics facility, with nearby tenants including In-N-Out Burger, Panda Express, Starbucks, and Chipotle, among others.
Base rent is supplemented by additional rent, including an annual CAM contribution of $9,000 for the first lease year, increasing 3% annually throughout the lease. The property is also responsible for an estimated $300 for common area maintenance of the center in the first lease year. Under the lease structure, the tenant is responsible for all taxes, insurance, maintenance, and repair.
The property is located just off I-880 (210,000 VPD). Hegenberger Road is identified as an outparcel to a planned last-mile logistics facility, with nearby tenants including In-N-Out Burger, Panda Express, Starbucks, and Chipotle, among others.
Key Highlights
- New construction 3,267 SF drive‑through restaurant leased to Raising Cane’s Restaurants, L.L.C.
- Double drive‑through; situated on a 0.95‑acre lot ground leased for 15 years with rent commencement May 1, 2022.
- Initial annual rent $250,000 with 10% increases every 5 years during the primary term and at option starts.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,180
Businesses Nearby
230k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 37%
Hotels & Casinos 5%
Electronics 1%
Raising Cane's Chicken Fingers
Dining
51,566 visits/mo
0.1 miles
Jack in the Box
Dining
20,020 visits/mo
0.4 miles
ARCO
Shops & Services
19,588 visits/mo
0.5 miles
Panda Express
Dining
18,751 visits/mo
0.2 miles
Shell
Shops & Services
15,705 visits/mo
0.4 miles
Demographics for 94621, CA
35,816
Population
11,078
Households
3.2
Avg Household Size
32
Median Age
13%
College-Educated
67%
High-School Grad
8.5 sq mi
ZIP Area
4,214
Density / Sq Mi
$53,106
Median Household Income
$35,199
Median Earnings
$1,527
Median Rent
$537,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - New construction drive-through restaurant leased to Raising Cane’s on a long-term absolute net basis.
Where is this conventional restaurant located?
The property is located at 8400 Edgewater Dr Oakland, CA.
What are key features of this property?
This property features: New construction 3,267 SF drive‑through restaurant leased to Raising Cane’s Restaurants, L.L.C.; Double drive‑through; situated on a 0.95‑acre lot ground leased for 15 years with rent commencement May 1, 2022.; Initial annual rent $250,000 with 10% increases every 5 years during the primary term and at option starts.
