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Black Rock Coffee 905 S Santa Fe Ave 3,600 SF Retail Building Vista, CA 92083 $5,703,602 CAD ($1,584.33 CAD/SF) 4.50% Cap Rate

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INVESTMENT HIGHLIGHTS

Brand New 15-Year Lease | Corporate Guaranty | Scheduled 10% Rental Increases | Well-Known Established Brand
Dense Retail Corridor | Signalized, Hard Corner Intersection

Absolute NNN | Fee Simple | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area | Affluent Incomes

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Black Rock Coffee investment property located in Vista, California (San Diego MSA). The tenant recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. Founded as a family owned and operated business in Oregon in 2008, Black Rock Coffee Bar has grown to 150 retail locations in seven states.