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Black Rock Coffee 427 Wilshire blvd 1,887 SF Retail Building Burleson, TX 76028 $2,890,000 ($1,531.53/SF) 5.99% Cap Rate
EXECUTIVE SUMMARY
Brand New Construction, 15-Year Corporate Absolute Net Lease – No Landlord Responsibilities
Rental Increases Every 5 Years with 4 x 5 Year Options
Black Rock Coffee is one of the Largest Publicly Traded Coffee Companies in the US and Operates over 140+ Locations in 7 States (41 of them in Texas)
Ranked one of America’s Fastest Growing Companies by Inc Magazine in 2022
High Traffic Counts on Wilshire Blvd (42,720 Vehicles Per Day)
Dense Retail Corridor Surrounded by National Retailers that Include Chicken Express, QuikTrip, Dairy Queen, CVS, and Exxon
Black Rock Coffee Bar successfully closed its IPO, raising ~$294 million by pricing 14.7 million shares at $20 each, with a value of $1.32Billion.
Rental Increases Every 5 Years with 4 x 5 Year Options
Black Rock Coffee is one of the Largest Publicly Traded Coffee Companies in the US and Operates over 140+ Locations in 7 States (41 of them in Texas)
Ranked one of America’s Fastest Growing Companies by Inc Magazine in 2022
High Traffic Counts on Wilshire Blvd (42,720 Vehicles Per Day)
Dense Retail Corridor Surrounded by National Retailers that Include Chicken Express, QuikTrip, Dairy Queen, CVS, and Exxon
Black Rock Coffee Bar successfully closed its IPO, raising ~$294 million by pricing 14.7 million shares at $20 each, with a value of $1.32Billion.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,887 SF
Building Class
B
Year Built
2024
Price
$2,890,000
Price Per SF
$1,531.53
Cap Rate
5.99%
NOI
$173,211
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.97 AC
Zoning
C
Frontage
188’ on Southwest Wilshire Boulev
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 126-2791-00300 | Improvements Assessment | $1,087,222 |
| Land Assessment | $593,810 | Total Assessment | $1,681,032 |
PROPERTY TAXES
Parcel Number
126-2791-00300
Land Assessment
$593,810
Improvements Assessment
$1,087,222
Total Assessment
$1,681,032
CONTACT
-
Adam Gottschalk - Summit Real Estate
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Black Rock Coffee | 427 Wilshire blvd
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