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Restaurant

Taste of Sichuan | Beaverton, OR

16261 NW Cornell Rd, Beaverton, OR 97006

Listing Price: $4,883,000

Cap Rate
5.50%
Tenant Name
Taste of Sichuan
Years Remaining On Lease
18.8
Guarantor
Personal Guarantee
Rentable SF
5,864
Lease Type
Absolute Net
Rent Per Square Feet
$45.80

Investment Overview

Percentage Rent
- In addition to Base Rent, Tenant shall also pay percentage rent equal to 2% of Gross Sales in excess of $333,333 per month / $4M per lease year.
- Average monthly percentage rent collected is $1,342, which is an additional $16,110 per year to the NOI (NOT INCLUDED IN PRICING).
- Tenant does ~$4.8M in annual sales

Strong Performing Restaurant / Healthy Rent to Sales Ratio
- Tenant does ~$4.8M in annual sales
- Tenant is running an extremely healthy 5.93% Rent to Sales Ratio after the additional percentage rent payments
- Taste of Sichuan has a strong and loyal customer base, with an established reputation as a preferred dining destination among both local residents and visitors.

TANASBOURNE RETAIL & RESIDENTIAL GROWTH
- Located near The Streets of Tanasbourne, a prominent shopping, dining, and entertainment destination featuring a diverse mix of national retailers, restaurants, and services serving the Beaverton–Hillsboro market.
- The nearby Amberglen District has added 2,400+ residential units since 2014, primarily through multifamily apartment developments.
- A new 308-unit apartment community is being developed at The Streets of Tanasbourne, further expanding the surrounding residential base and supporting long-term retail demand.

Investment Highlights

  • Percentage Rent - In addition to Base Rent, Tenant shall also pay percentage rent equal to 2% of Gross Sales in excess of $333,333 per month / $4M per lease year. NOT INCLUDED IN PRICING
  • Strong Performing Restaurant / Healthy Rent to Sales Ratio - Tenant does ~$4.8M in annual sales - Tenant is running an extremely healthy 5.93% Rent to Sales Ratio after the additional percentage rent
  • - Taste of Sichuan has a strong and loyal customer base, with an established reputation as a preferred dining destination among both local residents and visitors.

Exclusively Listed By

Broker of Record

  • David Tabata

    Managing Director, Market Leader - Oregon

    (503) 200-2000

    License(s) OR: 201224889

    Oregon

Restaurant

Taste of Sichuan | Beaverton, OR

Listing Price: $4,883,000

Cap Rate
5.50%
Tenant Name
Taste of Sichuan
Years Remaining On Lease
18.8
Guarantor
Personal Guarantee
Rentable SF
5,864
Lease Type
Absolute Net
Rent Per Square Feet
$45.80

Investment Highlights

  • Percentage Rent - In addition to Base Rent, Tenant shall also pay percentage rent equal to 2% of Gross Sales in excess of $333,333 per month / $4M per lease year. NOT INCLUDED IN PRICING
  • Strong Performing Restaurant / Healthy Rent to Sales Ratio - Tenant does ~$4.8M in annual sales - Tenant is running an extremely healthy 5.93% Rent to Sales Ratio after the additional percentage rent
  • - Taste of Sichuan has a strong and loyal customer base, with an established reputation as a preferred dining destination among both local residents and visitors.

Investment Overview

Percentage Rent - In addition to Base Rent, Tenant shall also pay percentage rent equal to 2% of Gross Sales in excess of $333,333 per month / $4M per lease year. - Average monthly percentage rent collected is $1,342, which is an additional $16,110 per year to the NOI (NOT INCLUDED IN PRICING). - Tenant does ~$4.8M in annual sales Strong Performing Restaurant / Healthy Rent to Sales Ratio - Tenant does ~$4.8M in annual sales - Tenant is running an extremely healthy 5.93% Rent to Sales Ratio after the additional percentage rent payments - Taste of Sichuan has a strong and loyal customer base, with an established reputation as a preferred dining destination among both local residents and visitors. TANASBOURNE RETAIL & RESIDENTIAL GROWTH - Located near The Streets of Tanasbourne, a prominent shopping, dining, and entertainment destination featuring a diverse mix of national retailers, restaurants, and services serving the Beaverton–Hillsboro market. - The nearby Amberglen District has added 2,400+ residential units since 2014, primarily through multifamily apartment developments. - A new 308-unit apartment community is being developed at The Streets of Tanasbourne, further expanding the surrounding residential base and supporting long-term retail demand.

Exclusively Listed By

Broker of Record

  • David Tabata

    Managing Director, Market Leader - Oregon

    (503) 200-2000

    License(s): OR: 201224889

    Oregon

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