Address: 12650 SW Brockman, Beaverton, Oregon, United States
Cap Rate: 5.75%
Lease Type: Triple-Net (NNN)
Annual Rent: $282,174
Net Operating Income: $282,174
Lease Term Remaining: 20 Years
Options: Three (3), Five (5)-Year Options
Rentable Sq/Ft: 5,227 SF
Rent Sq/Ft: $53.98
Price Sq/Ft: $939
Lot Size: 1.09 Acres
This investment property is situated along Brockman Street, which experiences an average daily traffic count greater than 18,500 vehicles. The subject investment property benefits from being located in a highly populated area. There are more than 329,000 people residing within a five-mile radius of this property and more than 907,000 reside within a ten-mile radius. Furthermore, these figures are projected to increase in the coming years. This investment property benefits from being in a very affluent area, the average income within a ten-mile radius of this property is greater than $104,000.
The Guidepost Montessori School benefits from being well-positioned near a large amount of housing communities, new developments, and schools. The subject property is located within a one-mile radius of an Elementary School, a Middle School, and a High School. There are over 40,700 students in 51 schools from grades K-12 in the Beaverton School District (the third largest district in Oregon). The daycare is also only 3 miles from Nike World Headquarters, an impressive 70-acre camp which is home to over 10,000 employees.
Furthermore this investment property is near a highly dense retail corridor consisting of national and local tenants, shopping centers, and hospitality accommodations. Major national tenants include: Walmart, Lowe’s, Costco, Target, Win Co Foods, J.C. Penney, Macy’s, Jos. A Bank, Burlington, McDonald’s, Taco Bell, Starbucks, Rite Aid, and so many more. There are several hospitality accommodations within the immediate area, including: Courtyard by Marriott, Embassy Suites, DoubleTree, Quality Inn, and more. Furthermore, the property is located just two miles from Washington Square Mall which his home to 170 tenants.
The City of Beaverton is located seven miles west of Portland, Oregon, in the Tualatin River Valley, encompasses 19.6 square miles, and is home to more than 97,000 residents. The city is Oregon’s sixth largest city and the second-largest incorporated city in Washington County. Beaverton is a friendly, active and responsive city well-known for our exceptional community services and amenities, helping Beaverton residents enjoy a high quality of life. Ranked in Money magazine’s Best Places to Live, Beaverton truly is “The Best of Oregon.” Beaverton is a family-friendly city and is well-known for its many attractive and well-planned neighborhoods. Residents enjoy easy access to a complete range of community services, including the largest shopping district in west metropolitan Portland. The city also has a vast amount of green space with over 100 parks encompassing 1,000 acres. A park is located within a half mile of every home, and the city features 30 miles of hiking trails and a 25-mile network of bike paths. Ski slopes to the east and ocean beaches to the west provide additional opportunities for recreation.
Broker of Record: Adam Lewis License #200709023