Drive-Through Restaurant Net
8400 Edgewater Dr Oakland, CA 94621
For Sale
Contact for pricing
Pending
New construction drive-through restaurant leased to Raising Cane’s on a long-term absolute net basis.
Days on Market106
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: Jul 23
Last Checked: Jul 25 at 5:47AM
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
Location Intelligence
Current Use by Public Records
Carrefour
Discount Store
FAQs
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.
