Prime High Traffic Piedmont Avenue Location w/Below Market Lease!
Business Description
RRC# 5016
Location: 3858 Piedmont Avenue, Oakland
Description:
A turnkey restaurant space located 3858 Piedmont Avenue is now for sale on the busy and popular Piedmont corridor. This corridor is home to some of the Bay Area's top restaurants and is a dining destination hotspot. Not only does this location and street attract diners and shoppers alike, it is steps away from a Kaiser complex, new luxury apartments and an affluent neighborhood that surrounds this location. The Kaiser complex creates strong potential for lunch revenue as well as take out and delivery.
The below market lease will transfer to a qualified new tenant. There are more than seven years left on the term, with one five year option to extend. The lease rate is low for this street at just ~$4600/month with annual increases of 3% or LESS for the remainder of the term.
The ~1200sf space has a Beer & Wine license and is fully equipped. It has a 10' Type 1 Hood, upgraded ADA bathroom, Fridge and Freezer Units, Deli Prep Top, a Tankless Water Heater, Seating for ~32, plenty of storage and much more. A full equipment list can be shared upon request.
Don't miss your opportunity to get into a turnkey restaurant space that has a fantastic lease on the coveted Piedmont Avenue!
Reach out now to: Andy@restaurantrealty.com
Financial Information:
Monthly Revenue: Contact for Info
Monthly Cash Flow: Contact for Info
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
General Info:
Ownership: Corporation
Established: 2022
Employees: 5-6
Reason For Sale: Other Interests
Monthly Rent: $4,686
Expiration: 2032 plus 1 -5yr Option
Facilities:
Square Feet: 1,200 +/-
Seating: 32+
Parking: Easy Free and Metered Street Parking
Licenses: Type 41 ABC Beer & Wine, Health, Business
Days/Hours of Operation: 7 days - Lunch and Dinner
Location: 3858 Piedmont Avenue, Oakland
Description:
A turnkey restaurant space located 3858 Piedmont Avenue is now for sale on the busy and popular Piedmont corridor. This corridor is home to some of the Bay Area's top restaurants and is a dining destination hotspot. Not only does this location and street attract diners and shoppers alike, it is steps away from a Kaiser complex, new luxury apartments and an affluent neighborhood that surrounds this location. The Kaiser complex creates strong potential for lunch revenue as well as take out and delivery.
The below market lease will transfer to a qualified new tenant. There are more than seven years left on the term, with one five year option to extend. The lease rate is low for this street at just ~$4600/month with annual increases of 3% or LESS for the remainder of the term.
The ~1200sf space has a Beer & Wine license and is fully equipped. It has a 10' Type 1 Hood, upgraded ADA bathroom, Fridge and Freezer Units, Deli Prep Top, a Tankless Water Heater, Seating for ~32, plenty of storage and much more. A full equipment list can be shared upon request.
Don't miss your opportunity to get into a turnkey restaurant space that has a fantastic lease on the coveted Piedmont Avenue!
Reach out now to: Andy@restaurantrealty.com
Financial Information:
Monthly Revenue: Contact for Info
Monthly Cash Flow: Contact for Info
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
General Info:
Ownership: Corporation
Established: 2022
Employees: 5-6
Reason For Sale: Other Interests
Monthly Rent: $4,686
Expiration: 2032 plus 1 -5yr Option
Facilities:
Square Feet: 1,200 +/-
Seating: 32+
Parking: Easy Free and Metered Street Parking
Licenses: Type 41 ABC Beer & Wine, Health, Business
Days/Hours of Operation: 7 days - Lunch and Dinner
About the Business
- Years in Operation
- 3
- Number of Employees
- 6
- Facilities & Assets
- Square Feet: 1,200 +/-
Seating: 32+
Parking: Easy Free and Metered Street Parking - Website
- https://www.restaurantrealty.com/listings/5016/
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,200
- Rent
- $4,686.00 per month
- Lease Expiration
- 12/31/2032
About the Sale
- Seller Motivation
- Other Interests
Listing Info
- ID
- 2310687
- Listing Views
- 1016
Business Location
Listing ID: 2310687 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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