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Black Rock Coffee Bar & Lamar Digital Billboa 21150 SW Tualatin Valley Hwy 642 SF Retail Building Beaverton, OR 97003 $2,300,000 ($3,582.55/SF) 5.42% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Dual, Complementary Income Streams
  • Minimal Landlord Responsibilities
  • Strong Residual Land Value in Growth Market
  • Long-Term Lease Security with Built-In Growth
  • Prime Visibility on a High-Traffic Corridor

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Building Size
642 SF
Year Built
2018
Price
$2,300,000
Price Per SF
$3,582.55
Cap Rate
5.42%
NOI
$124,660
Tenancy
Single
Building Height
1 Story
Bike Score®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Black Rock Coffee Bar
Curves
Jenny Craig
Planet Fitness
CrossFit
Safeway
Baja Fresh Mexican Grill
Dutch Bros Inc.
Club Pilates
KeyBank
  • Listing ID: 38241621

  • Date on Market: 10/28/2025

  • Last Updated:

  • Address: 21150 SW Tualatin Valley Hwy, Beaverton, OR 97003

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