Black Rock Coffee Bar & Lamar Digital Billboard
$2,300,000
21150 Southwest Tualatin Valley Highway, Beaverton, OR 97007
642 sqft
Building Size
2018
Year Built
Details:
Highlights:
- Dual, Complementary Income Streams - The property combines a nationally recognized drive‑thru coffee operator with a long‑term billboard ground lease, producing two independent cash flows that diversify risk and appeal to both retail‑net‑lease and outdoor‑advertising investors.
- Minimal Landlord Responsibilities - Both leases are structured on an absolute‑net basis, shifting taxes, insurance, and maintenance to the tenants and leaving ownership with truly passive, management‑free cash flow—ideal for 1031 exchange buyers or portfolio investors seeking hands‑off returns.
- Prime Visibility on a High‑Traffic Corridor - Fronting Oregon Highway 8 (Tualatin Valley Hwy) with 30,000‑plus vehicles per day, the site benefits from constant exposure that drives coffee sales and billboard impressions, supported by nearby Nike and Intel campuses that anchor one of the state’s most robust employment hubs.
- Strong Residual Land Value in Growth Market - Located in Beaverton—one of Oregon’s fastest‑growing suburbs—this parcel enjoys rising underlying land demand and flexible future redevelopment potential, positioning investors for both stable near‑term yield and long‑term capital appreciation.
Description:
Situated on the bustling Tualatin Valley Highway in Beaverton, Oregon, this offering pairs two complementary, low‑management income streams on a single parcel: a freestanding, drive‑thru Black Rock Coffee Bar, operating under a 10‑year absolute‑NNN lease that commenced in May 2018 and generates $52,800 in annual base rent with three five‑year renewal options and a long‑term ground lease for a prominent double‑faced billboard that pays $70,000 base rent per year with contractually scheduled 10 percent rent escalations every five years through August 2049. The combination delivers stable current NOI of $124,607, backed by both daily retail traffic and sustained out‑of‑home advertising demand, while requiring virtually no landlord oversight. Set within the dense Portland‑metro suburb of Beaverton, home to Nike’s world headquarters, Intel campuses, and consistent population growth, the property offers investors a rare opportunity to secure diversified cash flow, strong residual land value, and attractive exit flexibility in one of Oregon’s most dynamic commercial corridors.
In Beaverton, Oregon
Documents:
| Title | ||
|---|---|---|
| BlackrockOM.pdf |
Location
