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Black Rock Coffee Bar Keizer 4560 River Rd N

462 SF Retail Building Keizer, OR 97303 $1,107,000 ($2,396/SF) 5.25% Cap Rate

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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 is fully 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. 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.

Property Facts

Sale Type

Investment NNN

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Restaurant

Building Size

462 SF

Building Class

Year Built

2018

Price

$1,107,000

Price Per SF

$2,396

Cap Rate

5.25%

NOI

$58,152

Tenancy

Single

Building Height

1 Story

Building FAR

0.04

Land Acres

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

Accommodation and Food Services
99,999 SF
$9.99
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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.