Whole Foods Oakland

5110 Telegraph Ave, Oakland, CA

NNN LEASED OFFERING

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 currently under construction in the Temescal District, a thriving and booming neighborhood in Oakland. 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.





Location

Demographics

1 Mile
3 Miles
5 Miles
Total Population
43,046
298,963
506,528
Total Households
20,149
134,539
212,495
Average Household Income
$113,714
$107,103
$111,317
Average Age
39.1
38.2
38.8

Team

Brokerage team

Michael Cisternino

Founder and Managing Principal
Essential CRE
925.388.0888