4560 River Rd N - Restaurant FOR SALE


Keizer, OR 97303
$1,099,000 USD
4560 River Rd N, Keizer, OR for Sale
$1,099,000 USD
Restaurant - FOR SALE
1/16
null | 5.29% Cap Rate

4560 River Rd N
Keizer, OR 97303


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$2,379 USD /SF

CAP RATE

5.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Black Rock Coffee Bar Keizer

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

MU- Mixed Use

APN/PARCEL ID

547987

ASK ABOUT THIS PROPERTY

Adam RutledgeeXp Realty, LLCMore Info

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Adam RutledgeeXp Realty, LLCMore Info

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