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AutoZone | New Absolute NNN | Core Bay Area 10111 International Blvd 11,548 SF Retail Building Oakland, CA 94603 $5,670,606 CAD ($491.05 CAD/SF) 4.25% Cap Rate
Investment Highlights
- New 15-Year Lease Extension | Corporate Guaranty | Options To Extend | Scheduled Rental Increases
- Signalized, Hard Corner Intersection | Oakland San Francisco Airport | Oakland Arena/Oakland Coliseum
- Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed AutoZone investment property located in Oakland, California. The tenant, AutoZone, recently agreed to extend their lease through September 2045, bringing the remaining lease term to over 19 years with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 10% rental increase
in 2030 and 7% increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, low management investment opportunity for a passive investor.
in 2030 and 7% increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, low management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,548 SF
Building Class
C
Price
$5,670,606 CAD
Price Per SF
$491.05 CAD
Cap Rate
4.25%
NOI
$241,023 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.80 AC
Zoning
RM4
Parking
43 Spaces (3.72 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Monument Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 045-5171-030-00 | Improvements Assessment | $1,659,659 CAD |
| Land Assessment | $774,507 CAD | Total Assessment | $2,434,166 CAD |
Property Taxes
Parcel Number
045-5171-030-00
Land Assessment
$774,507 CAD
Improvements Assessment
$1,659,659 CAD
Total Assessment
$2,434,166 CAD
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AutoZone | New Absolute NNN | Core Bay Area | 10111 International Blvd
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