Black Rock Coffee Bar Keizer 4560 River Rd N

462 SF Retail Building Keizer, OR 97303 $1,099,000 ($2,379/SF) 5.29% Cap Rate

Investment Highlights

  • Frontage on Main Arterial with Access on a secondary street
  • Well designed, high quality building and components built in 2018
  • Absolute Net Investment

Executive Summary

Excellent absolute NET investment opportunity with an established multi state credit tenant. The subject property is leased to Black Rock Coffee Bar Corporate 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.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
462 SF
Building Class
B
Year Built
2018
Price
$1,099,000
Price Per SF
$2,379
Cap Rate
5.29%
NOI
$58,152
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.24 AC
Zoning
MU- Mixed Use - MU- Mixed use zoning
Parking
4 Spaces (8.66 Spaces per 1,000 SF Leased)
Frontage
61 FT on River Rd

Amenities

  • Drive Thru

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Black Rock Coffee strives for excellence in everything they do in life. Their crafted drinks are a way they show respect for their customers and themselves. As part of local communities, each Black Rock Coffee Bar team finds ways to serve their neighborhoods. And by doing so they help raise the bar for relationship and compassion. As relationship grows, so does accountability. Black Rock Coffee holds each other to higher standards for the good of all. Whether it be care for nature, care for those in need, or just a sincere desire to see others do well, they learn to expect a lot from each other and a lot for their customers.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (72)

Nearby Major Retailers

Columbia Bank
Dutch Bros
Starbucks
Krispy Krunchy Chicken
Order Express, Inc.
The Human Bean
U.S. Bank
Hertz Equipment Rental
Snap Fitness 24/7
Chase Bank

PROPERTY TAXES

  • Listing ID: 33984867

  • Date on Market: 11/23/2024

  • Last Updated:

  • Address: 4560 River Rd N, Keizer, OR 97303