From Lupe's Escape to Sherwin-Williams: A Transformation Story
This offering presents an excellent opportunity to acquire a well-located commercial property that has undergone a significant transformation. Originally home to Lupe's Escape, a popular local eatery, the property has now been repurposed as a Sherwin-Williams paint store, leased to one of the world's leading paint and coatings companies.
A prime investment with a strong tenant in a growing area, this property promises stable returns and long-term value.
Property Highlights & Details
Site Information
Address: 19405 SW Tualatin Valley Hwy, Beaverton, OR 97003
Tenant: Sherwin-Williams (BBB Rating from S&P)
Building Size: 3,500 SF
Parcel Size: ±0.47 Acres (±20,473 SF)
Parking Spaces: 14 (Ratio: 4/1000 SF)
Investment Highlights
- Investment Grade Tenant with BBB Rating from S&P
- NNN Lease with Minimal Landlord Responsibilities
- Approximately 7 Years on the Lease Remaining
- Three (3), Five (5) Year Options to Extend
- ±33,690 Average Daily Traffic Volume (ADT)
- Located in an Area of Dense Residential Housing and New Suburban Subdivisions
Rent Increase Schedule
- Current Term: $136,500 per year
- Next Rent Increase (6/1/2027): 12.51%
- Option #1 (6/1/2032): 15.06%
- Option #2 (6/1/2037): 12.50%
- Option #3 (6/1/2042): 14.06%
Financial Summary
| Term | Start Date | End Date | Rent/Year | Rent/Month | Rent/SF | Rent Increase | Yield |
|---|---|---|---|---|---|---|---|
| Current Term | 5/31/2022 | 5/31/2027 | $136,500.00 | $11,375.00 | $39.00 | - | 5.14% |
| Rent Increase 6/1/2027 | 6/1/2027 | 5/31/2032 | $153,579.96 | $12,798.33 | $43.88 | 12.51% | 5.78% |
| Option #1 6/1/2032 | 6/1/2032 | 5/31/2037 | $176,715.00 | $14,726.25 | $50.49 | 15.06% | 6.65% |
| Option #2 6/1/2037 | 6/1/2037 | 5/31/2042 | $198,800.04 | $16,566.67 | $56.80 | 12.50% | 7.48% |
| Option #3 6/1/2042 | 6/1/2042 | 5/31/2047 | $223,650.00 | $18,637.50 | $63.90 | 14.06% | 8.41% |
Property Gallery
Location Overview
The property is strategically situated along Tualatin Valley Hwy (Hwy 8), a major thoroughfare in Beaverton, Oregon, benefiting from excellent visibility and strong area demographics. With over 326,105 residents within a five-mile radius, the area is densely populated and continues to experience significant growth.
Nearby developments such as Reed's Crossing, Butternut Creek, and South Cooper Mountain further enhance the property's appeal by bringing in new residents and increasing commercial activity in the vicinity. The location offers easy access and is surrounded by a mix of retail, residential, and service-based businesses, making it a hub for local consumers.
Additional Resources & Downloads
For more detailed information, due diligence materials, and financial reports, please review the following documents or contact us for a full offering memorandum.