3340 SW Cedar Hills Blvd - Restaurant FOR SALE


Beaverton, OR 97005
$3,262,000 USD
503-946-4913
3340 SW Cedar Hills Blvd, Beaverton, OR for Sale
$3,262,000 USD
Restaurant - FOR SALE
1/5
null | 5.15% Cap Rate

3340 SW Cedar Hills Blvd
Beaverton, OR 97005


HIGHLIGHTS

  • Dominant Regional Brand – 100% leased to an established and rapidly growing American coffee chain - Black Rock Coffee Bar
  • Brand-New Long-Term Lease – Black Rock Coffee operates under a 15-year lease with scheduled rent increases every five years
  • Absolute NNN Lease with Scheduled Rental Increases
  • Complementary Surrounding Tenants – Black Rock Coffee is surrounded by a complementary mix of tenants

OVERVIEW

* Dominant Regional Brand – 100% leased to an established and rapidly growing American coffee chain - Black Rock Coffee Bar. Wholly owned and operated by Black Rock Coffee Bar, Inc. (NASDAQ: BRCB), a publicly traded company headquartered in Scottsdale, AZ, and founded in Beaverton, OR in 2008. It is the largest fully company-owned coffee retailer in the US, with over 180 locations across seven states, and plans to reach 1,000 stores by 2035 * Brand-New Long-Term Lease – Black Rock Coffee operates under a 15-year lease with scheduled rent increases every five years and three 5-year renewal options, offering a highly attractive and stable investment opportunity * Absolute NNN Lease with Scheduled Rental Increases – The property is subject to an Absolute NNN lease, the most passive form of real estate investment. The tenant directly covers all operating expenses, while the landlord enjoys depreciation benefits from owning the improvements * High-Quality, Drive-Thru Building with Extensive Remodel – High-quality, purpose-built drive-thru property, renovated to incorporate Black Rock Coffee’s latest prototype design standards, ensuring ensuring updated interiors, efficient operations, and minimal deferred maintenance or near-term capital requirements upon completion * Complementary Surrounding Tenants – Black Rock Coffee is surrounded by a complementary mix of tenants, including Chipotle, Taco Bell, Panera Bread, McDonald’s, Jersey Mike’s Subs, Chick-fil-A, Starbucks, Jamba Juice, and more

FOR SALE DETAILS

PRICE

$3,262,000 USD

PRICE/SF

$1,999 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Black Rock Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

CS

APN/PARCEL ID

R0056664

ASK ABOUT THIS PROPERTY

Wes BochnerCBREMore Info
503-946-4913

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Wes BochnerCBREMore Info
503-946-4913

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.