Restaurant
Taste of Sichuan | Beaverton, OR
16261 NW Cornell Rd, Beaverton, OR 97006
Listing Price: $4,883,000
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
Listing Price: $4,883,000
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