Freestanding Grocery Store with NNN
301 E 18th Street, Oakland, CA 94606
For Sale
$6,073,000
The tenant holds four five-year extension options and scheduled rent increases during the lease term.
Property Size14,550 SF
Price / SF$417.39
Days on Market47
Property Features for 301 E 18th Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
SRS Industrial - Newport Beach
Listed By:
Matthew Mousavi · License #CA 01732226
(714) 404-8849
Source:
Srsre
Added: Sep 24
Changed: Nov 3
Last Checked: Nov 8 at 2:07AM
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 SRS Industrial - Newport Beach
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Investment Insights
Based on property information with market context.
This freestanding Grocery Outlet property contains 14,550 square feet and is zoned CN-2: Neighborhood Center. Grocery Outlet Inc. is the tenant under a new 10-year NNN lease backed by a corporate guarantee. The lease includes four five-year renewal options, with rent increasing 10% every five years during the initial term and at the start of each option period.
At 301 E. 18th Street in Oakland, the property is less than five miles from Grocery Outlet’s corporate headquarters in Emeryville. The store is expected to open on October 15, 2026.
At 301 E. 18th Street in Oakland, the property is less than five miles from Grocery Outlet’s corporate headquarters in Emeryville. The store is expected to open on October 15, 2026.
Key Highlights
- 14,550 square feet
- New 10‑year NNN lease with corporate guarantee
- Four 5‑year extension options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$234,374
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,687,480
$4.7M
Cap Rate 7%
$3,348,200
$3.3M
Cap Rate 9%
$2,604,156
$2.6M
Market Conditions
NOI Build-Up for 14,550 SF
Gross rent
$331.7K $22.80/SF
− Vacancy
−$19.2K −$1.32/SF
EGI
$312.5K $21.48/SF
− OpEx
−$78.1K −$5.37/SF
NOI
$234.4K $16.11/SF
Area
ZIP 94606
Vacancy
5.80%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,687,480
Cap Rate 7%
$3,348,200
Cap Rate 9%
$2,604,156
Alternative Uses
Best Use
Specialty Retail
$3.35M
$2.93M – $3.91M
NOI $234,374 @ 7.0% cap · market cap 3.86%
Second Best
Retail
$2.96M
$2.59M – $3.45M
NOI $207,236 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$6.63M
$5.80M – $7.73M
NOI $463,961 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,629
Businesses Nearby
101k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Groceries 38%
Dining 10%
Hotels & Casinos 4%
Lucky Supermarkets
Groceries
38,160 visits/mo
0.1 miles
Dollar Tree
Shops & Services
18,672 visits/mo
0.1 miles
Chase Bank
Shops & Services
9,729 visits/mo
0.1 miles
Lee's Sandwiches
Dining
9,094 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,956 visits/mo
0.2 miles
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Tana Market — 1301 international blvd, oakland, ca 94606
- Lucky — 247 E 18th St, Oakland, CA 94606
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The tenant holds four five-year extension options and scheduled rent increases during the lease term.
Where is this grocery and convenience store located?
The property is located at 301 E 18th Street Oakland, CA.
What is the asking price?
The asking price for this property is $6,073,000.
What are key features of this property?
This property features: 14,550 square feet; New 10‑year NNN lease with corporate guarantee; Four 5‑year extension options
