21150 Southwest Tualatin Valley Hwy Beaverton, OR 97007
Retail property in Beaverton with diversified income streams.
Building Details
- Year built
- 2018
Source:
Svn
Listing Agent: Ryan Imbrie, Ccim
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Beaverton Highway Retail Investment Property
Located on Tualatin Valley Highway in Beaverton, Oregon, this property features two income streams on a single parcel. It includes a freestanding, drive-thru Black Rock Coffee Bar, operating under a 10-year absolute-NNN lease that began in May 2018. This generates an annual base rent of $52,800, with three five-year renewal options. Additionally, there is a long-term ground lease for a double-faced billboard that pays $70,000 base rent per year. The billboard lease includes contractually scheduled 10 percent rent escalations every five years through August 2049. The property delivers a current net operating income of $124,607. The location benefits from daily retail traffic and sustained out-of-home advertising demand. Both leases are structured on an absolute-net basis, shifting taxes, insurance, and maintenance to the tenants. Fronting Oregon Highway 8 (Tualatin Valley Hwy) with over 30,000 vehicles per day, the site benefits from constant exposure. The property is located in Beaverton, near Nike’s world headquarters and Intel campuses.
Location Intelligence
Current Use by Public Records
Black Rock Coffee ...
Cafe & Coffee Shop
Similar Places Nearby
Black Rock Coffee Bar
Location Insight
- Map
- Local Demand
- City
- Beaverton
- County
- Washington
- State
- Oregon
- Longitude
- -122.902279
- Latitude
- 45.497538
Nearby Similar for Sale
FAQs
What type of property is this?
Coffee shop - Retail property in Beaverton with diversified income streams.
Where is this coffee shop located?
The property is located at 21150 Southwest Tualatin Valley Hwy Beaverton, OR.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: - High-traffic location on Tualatin Valley Highway (Oregon Highway 8) with over 30,000 vehicles per day, ensuring excellent visibility for both tenants.; - Two complementary income streams: Black Rock Coffee Bar (drive-thru) and a long-term billboard ground lease, providing diversified cash flow.; - Absolute NNN leases for both tenants, resulting in minimal landlord responsibilities and passive income.
