Prime High Traffic Piedmont Avenue Location w/Below Market Lease!

Prime High Traffic Piedmont Avenue Location w/Below Market Lease! Turnkey Restaurant with Type-1 Hood

RRC# 4919
Location: Oakland

Description:
A turnkey restaurant space is now for sale on the busy and popular Piedmont Avenue, in Oakland. 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