Whole Foods Oakland
5110 Telegraph Ave, Oakland, CA
Overview
Offering Specifications
- Price $29,560,000
- CAP Rate 4.00%
- Price/SF $1,074.91
- Net Operating Income $1,182,500
- Square Footage 27,500
- Year Built 2019/2020
Essential CRE is pleased to offer for purchase, the 100% fee simple interest in the net leased Whole Foods grocery store condominium at 5110 Telegraph Avenue in Oakland, CA. Whole Foods has executed a 20 Year Lease with three, 5-year options to renew. The lease calls for 10% increases in rent every 5 years throughout the initial term, and at each option. The subject property is 27,500 square feet and situated below 204 residential units in the Temescal District, a thriving and rapidly expanding neighborhood in the Oakland MSA. This dense, urban infill location is surrounded by multiple new residential developments and benefits from immediate access to public transportation, freeways and excellent visibility off of Telegraph Avenue.
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