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Black Rock Coffee 3340 SW Cedar Hills Blvd 1,632 SF Retail Building Beaverton, OR 97005 $4,527,036 CAD ($2,773.92 CAD/SF) 5.15% Cap Rate
Investment Highlights
- Dominant Regional Brand – 100% leased to an established and rapidly growing American coffee chain - Black Rock Coffee Bar
- Absolute NNN Lease with Scheduled Rental Increases
- Brand-New Long-Term Lease – Black Rock Coffee operates under a 15-year lease with scheduled rent increases every five years
- Complementary Surrounding Tenants – Black Rock Coffee is surrounded by a complementary mix of tenants
Executive Summary
* 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
* 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
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,632 SF
Building Class
C
Year Built/Renovated
1983/2026
Price
$4,527,036 CAD
Price Per SF
$2,773.92 CAD
Cap Rate
5.15%
NOI
$233,152 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
CS - Community Service
Parking
13 Spaces (7 Spaces per 1,000 SF Leased)
Frontage
66’ on Cedar Hills Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R0056664 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $807,886 CAD |
Property Taxes
Parcel Number
R0056664
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$807,886 CAD
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Black Rock Coffee | 3340 SW Cedar Hills Blvd
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