Restaurant Property with Percentage
New
For Sale
$4,883,000
16261 NW Cornell Rd, Beaverton, OR 97006
A restaurant property occupied by Taste of Sichuan includes a percentage-rent component tied to gross sales.
Property Size5,864 SF
Price / SF$832.71
Days on Market5
Property Features for 16261 NW Cornell Rd
General Information
Standard status
Active
Size
5,864 SF
Property subtype
Restaurant
Lease Type
Absolute Net
Amenities
Percentage Rent - In addition to Base Rent, Tenant shall also pay percentage rent equal to 2% of Gross Sales in excess of $333,333 per month / $4M per lease year. NOT INCLUDED IN PRICING
Strong Performing Restaurant / Healthy Rent to Sales Ratio - Tenant does ~$4.8M in annual sales - Tenant is running an extremely healthy 5.93% Rent to Sales Ratio after the additional percentage rent
- Taste of Sichuan has a strong and loyal customer base, with an established reputation as a preferred dining destination among both local residents and visitors.
Building Details
Building Size
5,864 SF
Listing Agency:
Tampa Office
(813) 387-4700
Listed By:
Reid Thedford · License #FL: SL3442474
(813) 387-4726
Source:
Marcusmillichap
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 20 at 5:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tampa Office
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Investment Insights
Based on property information with market context.
The 5,864-square-foot restaurant property at 16261 NW Cornell Rd in Beaverton is occupied by Taste of Sichuan. Its rent structure includes a 2% percentage-rent component on gross sales above the stated threshold, in addition to base rent. The tenant’s reported rent-to-sales ratio after percentage rent is 5.93%.
The property is near The Streets of Tanasbourne, a retail, dining, and entertainment destination serving the Beaverton–Hillsboro market. The nearby Amberglen District has added more than 2,400 residential units since 2014, and a 308-unit apartment community is under development at The Streets of Tanasbourne.
The property is near The Streets of Tanasbourne, a retail, dining, and entertainment destination serving the Beaverton–Hillsboro market. The nearby Amberglen District has added more than 2,400 residential units since 2014, and a 308-unit apartment community is under development at The Streets of Tanasbourne.
Key Highlights
- 5,864‑square‑foot restaurant property occupied by Taste of Sichuan
- Percentage rent equals 2% of gross sales above $333,333 per month or $4M per lease year
- Tenant’s rent‑to‑sales ratio after percentage rent is 5.93%
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 97006, OR
46,853
Population
19,383
Households
2.4
Avg Household Size
35
Median Age
50%
College-Educated
95%
High-School Grad
7.2 sq mi
ZIP Area
6,507
Density / Sq Mi
$100,373
Median Household Income
$57,364
Median Earnings
$1,844
Median Rent
$535,800
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A restaurant property occupied by Taste of Sichuan includes a percentage-rent component tied to gross sales.
Where is this conventional restaurant located?
The property is located at 16261 NW Cornell Rd Beaverton, OR.
What is the asking price?
The asking price for this property is $4,883,000.
What are key features of this property?
This property features: 5,864‑square‑foot restaurant property occupied by Taste of Sichuan; Percentage rent equals 2% of gross sales above $333,333 per month or $4M per lease year; Tenant’s rent‑to‑sales ratio after percentage rent is 5.93%
