4935 Shattuck Ave, Oakland, CA 94609

$1,800,000
4,687
SqFt
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List Price
$1,800,000
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Property Description

Fully-leased 5 unit retail investment opportunity located in Oakland's vibrant Temescal district. 4935 Shattuck Ave is anchored by the Michelin Guide-recommended restaurant Snail Bar. Remaining tenants include a cafe, an additional restaurant equipped with a full kitchen build-out, a hair salon and an African market. With an average of 4+ years remaining on the existing leases, investors will benefit from immediate stable cash flow and annual rent escalations that offer steady upside. Property currently generates $166,170/yr in gross scheduled income and is being offered at 6.37% cap rate. Contact brokers for more information.

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Listing courtesy of Thomas Garabedian Cone from Red Oak Realty. 510-499-1235

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