421 23rd Avenue

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421 23rd Avenue

Oakland, CA 94606
Asking Price
$4.75M
Asset Type
Convenience Store Retail
Class
Class B

What's Special

Owner/User Opportunity : High-Volume Gas Station & C-Store in Oakland's Prime Corridor <p>• 2025: ~70k gallons per month.</p><p>• 2025: ~$48k per month in C-Store.</p><p>• $4,000/ Month in Sublease Rental Income.</p><p>• ±25,085 daily traffic on 23rd Ave/ Kennedy St.</p><p>• Tanks from 1998, Double Wall Fiberglass.</p><p>• 6 MPD's.</p><p>• Current tenant occupancy extends through October, with potential for early lease termination upon securing a qualified buyer.</p><p>• Tenant will be removing dispensers and c-store furnishings upon vacating; these assets are available for separa

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NOI
$80,000
Cap Rate
1.68%
DSCR
0.28
Underwater
Cash-on-Cash
-14.18%
Monthly Payment
$23,500.408
Annual Cash Flow
$-202,004.9

Location & Travel Times