Listed by CBRE - Portland, CBRE - Orange County
$3,200,000
Black Rock Coffee Bar
Details
APN 1S109DA-03400
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,632
Net Rentable (SqFt) 1,632
Cap Rate 5.25%
NOI $168,000
Tenancy Single
Brand/Tenant Black Rock Coffee Bar
Lease Type Absolute NNN
Lease Term 15
Lease Options Three 5-Year Options
Price per SqFt $1,961
Year Built 1983
Year Renovated 2026
Buildings 1
Stories 1
Acreage 0.320
Zoning Commercial
Parking Spaces 13 per 1,000 sq ft
Lease Commencement 10/24/2025
Retail | 5.25% CAP | 1,632 SqFt
Marketing description
- 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
Listing Contacts
Listed by CBRE - Portland, CBRE - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$168,000.00
$14,000.00/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
Map
Zoning
CS CommercialNeighborhood CommercialCommunity Service
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View all 57 uses Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics
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