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Black Rock Coffee Bar Keizer
Retail Drive-Thru | 5.29% CAP | Black Rock Coffee Bar Keizer, OR
Listing Contacts
Active
Asking Price: $1,099,000
Earnest Money Deposit: $10,000 min.
Address
4560 River Rd N, Keizer, OR 97303
Show on MapDate Added
Nov 23, 2024
Days on Market
115 days
Time Since Last Update
95 days
Details
Property TypeRetail
SubtypeQSR/Fast Food
Investment TypeNet Lease
Investment Sub TypeAbsolute Net Investment
ClassA
Lease TypeAbsolute NNN
Tenant CreditCredit Rated, Corporate Guarantee
TenancySingle
Brand/TenantBlack Rock Coffee Bar
Lease Term10 years
Lease Commencement08/02/2021
Lease Expiration07/31/2031
Remaining Term6.4 years
Square Footage462
Net Rentable (sq ft)462
Price/Sq Ft$2,378.79
Cap Rate5.29%
Occupancy100%
Occupancy Date10/01/2018
NOI$58,152
Units1
Year Built2017
Buildings1
Stories1
ZoningMU
Lot Size (acres)0.24
Parking (spaces)4
Rent Bumps2.5% Annual Increases
Broker Co-OpYes
APN547987
Lease Options2- 5 year extensions
Sale Condition1031 exchange
Marketing Description
Excellent absolute NET investment opportunity with an established multi state credit tenant. The subject is fully leased to Black Rock Coffee Bar on a 10-year term that commenced in August 2021 that includes two 5 year options to extend. Current rent is $4,846.01/Mo and increases by 2.5% every August. This location was established in 2018 and has a great track record of performance. The site is a .24 AC corner lot with a 462 SQFT Building was completed in October of 2018. This location is along River Road N and Dietz Avenue NE with frontage along River Road N, which is a well-traveled arterial. The subject improvements are in good condition and are of good quality. Listing Agent is a member of the selling entity.
Investment Highlights
Absolute Net Investment with Multi State Credit Tenant on 10 year lease with 5 year options.
Valuation Calculator
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$58,152.00
$4,846.00/mo
Valuation Metrics
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0
DSCR
5.29%
Cap Rate
5.29%
ROI
Property History
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Due Diligence
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Listing Contacts
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