gin-realty.com
OAKLAND, CALIFORNIA
OAKLAND CHINATOWN Restaurant Opportunity
LOCATION: 288 11TH STREET, OAKLAND, CA 94607
Seeking operator with previous restaurant ownership experience for an existing restaurant space in Oakland’s Chinatown.
The space features existing kitchen infrastructure, including a Type I hood. Restaurant kitchen is currently outfitted for Asian cuisines with burners for woks.
The existing dining room with a combination of booths and tables accommodates 90+ diners.
The kitchen is provided AS IS and remains property of Lessor. Lessee can replace existing equipment and install new equipment with written agreement of Lessor. Buildout/renovation is responsibility of Lessee with written approval of Lessor. All renovations to be performed with permits by licensed contractors.
The business is located on a high-visibility corner in the Oakland Chinatown commercial district. Close proximity to Lincoln Community Center, downtown Oakland and residential areas. Easy access to public transportation. Multiple AC Transit bus lines along 11th Street. Short walking distance to Lake Merritt and 12th Street BART stations.
Shared parking lot and metered street parking.
LAYOUT
2,500 square foot space (appx)
• 1,900 square foot Dining Room
• 600 square foot Kitchen
KITCHEN EQUIPMENT LIST
• 1 Built-in Refrigerator
• 1 Built-in Freezer
• 2 Free-standing Refrigerators
• 1 Griddle
• Type 1 Ventilation
• 1 Deep Fryer
• 4 Wok Burners
• 1 Prep Station
• 1 Prep Table
DINING AREA
Total Existing Seating: 92
• 12 Booths
• 8 Tables
• Two ADA-compliant Restrooms
BASIC LEASE INFORMATION
• Base Rent per month: $8,000, 5% increase annually years 3-5
• NNN per month (2024): $1,000
• Lease Term: 5 Years with 5 Year Option
• Security Deposit: $16,000
• All utilities are responsibility of tenant.
• Water utility is paid to holder of water contract, Millennium Therapeutics.
• Insurance: tenant required to maintain minimum $2,000,000 liability insurance with Lessor as additional insured.
PHOTOS
PHONE: (510) 761-8588 | GET-INFO@GIN-REALTY.COM