720 High St Oakland, CA 94601

Property Details for 720 High St

Year built

1970

Construction

TYPE NOT SPECIFIED

Lot size

0.82 lot acres

Property size

2,380 SF

Property type

Gas stations

APN

34-2290-6-3

APU

34229063

Description

This exceptional investment opportunity presents a 2,380 square foot, absolute triple-net (NNN) leased property located at 720 High St, Oakland, CA 94601. The property, situated on a 0.82-acre lot at a highly trafficked Interstate 880 entrance, boasts a prominent pylon sign visible to over 220,000 vehicles daily. The tenant, Go! Petroleum, operates a 16-pump fueling station, drive-through car wash, convenience store, and El Senor Burrito fast-casual restaurant. The lease, with two personal guarantees, runs until March 9th, 2037, offering a remaining term of 12.3 years and includes a favorable 2.75% annual rent increase. The property generates a substantial net operating income (NOI) of $294,429, resulting in a compelling 4.39% cap rate. The asking price is $6,700,000, translating to $2,815.13 per square foot. This freeway-oriented location, near Home Depot and the Interstate 880 on-ramp, benefits from excellent visibility and high daily traffic counts. High Street provides direct access to Alameda, further enhancing the property's strategic position. The property's strong tenant history since 2017, combined with the long-term lease and attractive financial metrics, makes it an ideal addition to any diversified investment portfolio. The property's current 100% occupancy ensures a consistent and reliable income stream.

Location Insight

City

Oakland

County

Alameda

State

California

Longitude

-122.219

Latitude

37.7684

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments