jack’s tap room & grill · content 05 the synopsis 06 financial synopsis 07 property synopsis 09...

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JACK’S TAP ROOM & GRILLSINGLE-TENANT NEIGHBORHOOD BAR AND GRILL OWNER/USER OPPORTUNITY ALONG BEAVERTON-HILLSDALE HIGHWAYB U I L D I N G , L A N D , O N G O I N G B U S I N E S S A N D A L L F U R N I T U R E , F I X T U R E S A N D E Q U I P M E N T I N C L U D E D

BRAD MACOMBERSenior [email protected] 200908061 | WA 95748

https://commercialintegritynw.com/https://commercialintegritynw.com/mailto:brad.macomber%40cinw.com?subject=

LEGAL DISCLAIMER

The information contained in this marketing brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Commercial Integrity, NW and should not be made available to any other persons or entities without written consent of Commercial Integrity, NW.

The information contained herein has been prepared to provide summary, unverified financial and physical information to prospective purchasers to establish a preliminary level of interest in the Subject Property. THE INFORMATION CONTAINED HEREIN SHALL NOT BE A SUBSTITUTE FOR A THOROUGH DUE DILIGENCE INVESTIGATION. Commercial Integrity, NW has not made any investigation, and makes no warranty or representation with respect to the income or expense for the Subject Property, the future projected financial performance of the Subject Property, the size or square footage and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plan or intentions to continue to occupy the Subject Property. The information contained herein has been obtained from sources we believe to be reliable; however, Commercial Integrity, NW has not verified and will not verify, any of the information contained herein, nor has Commercial Integrity, NW conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.

All potential purchasers must take appropriate measures to verify all of the information set forth herein.

CONTENT

05THE SYNOPSIS

06FINANCIAL SYNOPSIS

07PROPERTY SYNOPSIS

09THE DETAILS

10TENANT OVERVIEW

11AERIAL MAPS

13DEMOGRAPHICS

14AREA OVERVIEW

15LOCATION OVERVIEW

J A C K ’ S T A P R O O M & G R I L L | P O R T L A N D , O R

TITLE

4 JACK’S TAP ROOM & GRILL

NEIGHBORHOOD BAR AND GRILL OWNER/USER OPPORTUNITY SERVING 14,425 PEOPLE WITH AN AVERAGE HOUSEHOLD

INCOME OF $137,692 WITHIN A ONE-MILE RADIUS


T H E S Y N O P S I S

$950,000 | $234.05 PSF


FINANCIAL SYNOPSIS

JACK’S TAP ROOM & GRILL4 3 4 2 S W B E AV E RTO N - H I L L S D A L E H I G H WAY • P O RT L A N D , O R 972 21

Building . . . 4,059 SF (Includes Basement)Land . . . 3,213 SFAcres . . . 0.07 ACBuilt/Renovated . . . 1939/1990Zoning . . . CE

# Of Stories . . . 2# Of Parcels . . . 1# Of Parking Stalls . . . 10 (Including Adjacent ODOT Parcel)HH Income (1-Mile Radius) . . . $137,692VPD Along Beaverton-Hillsdale Highway . . . 33,939+

$950,000$234.05 PSF

JACK’S TAP ROOM & GRILL 7

PROPERTY SYNOPSIS

# Of Stories . . . 2# Of Parcels . . . 1# Of Parking Stalls . . . 10 (Including Adjacent ODOT Parcel)HH Income (1-Mile Radius) . . . $137,692VPD Along Beaverton-Hillsdale Highway . . . 33,939+

• Jack’s Tap Room & Grill is a 4,059 Square Foot Single-Tenant Owner/User Restaurant Opportunity Available For Sale in Portland, Oregon

• The 4,059 Square Foot Restaurant Contains a 1,407 Square Foot Basement where an Office and Walk-In Cooler are Located. Jack’s Tap Room & Grill also Benefits from Access to a Covered, Covid-Friendly Patio Adjacent to the Property

• The Turn-Key Restaurant is Well-Positioned on Beaverton-Hillsdale Highway, (Oregon State Route 10) at the Meeting of Portland, Hillsdale and Beaverton

• The Sale of Jack’s Tap Room & Grill Includes the Retail Property, Business and All Furniture, Fixtures and Equipment, Including the Trademark Rights to the Business Name

• Strong Demographics in the Surrounding Neighborhood – 6,139 Households Within a One-Mile Radius. There are over 200 Apartment Units within Walking Distance

• The Restaurant Remains Open and is Staying Busy During the COVID-19 Pandemic with Nearly $11,000 Total Profit from the Lottery Games Alone in August 2020

• Beaverton-Hillsdale Highway is a Heavily Trafficked Thoroughfare Connecting Beaverton and the West MSA Suburbs to Hillsdale and Downtown Portland



FRONTAGE ON BEAVERTON-HILLSDALE HIGHWAY (OREGON ROUTE 10) AND VISIBILITY TO 33,939+ VEHICLES PER DAY


T H E D E T A I L S

4 , 0 5 9 S F B U I L D I N G ( I N C L U D E S B A S E M E N T ) | 3 , 2 13 S F L A N D


TENANT OVERVIEW

ABOUT JACK’S TAP ROOM & GRILLJack and his family have been in the restaurant business for over 40 years. Jack’s father Mitch Stanley owned the Refectory Restaurant and Jack has owned and operated Jack’s Taproom since 1994. It was formerly Cactus Jack’s but the Mexican menu was dropped in favor of an American menu a few years ago.

We are proud to continue serving our community during the COVID-19 outbreak. Place an order for local delivery or curbside pick-up today!

available: Noon-3pM monday-FridayVIEW CURRENT DELIVERY & PICK-UP MENU

• LIVELYNEIGHBORHOODSPORTSBAR

• MULTIPLETVsPROVIDE PRIMESPORTSVIEWING

• LIVEMUSICANDWEEKLYEVENTS

• SERVINGTHECOMMUNITYDURINGTHECOVID-19PANDEMICWITHDINE-IN,DELIVERYANDPICK-UPMENUS

• MENUFEATURESCLASSICAMERICANBAR-FAREEATSANDDAILYSPECIALSTOO

• TRYOURDRIVE-THRUSERVICE!

4342 SW Beaverton-Hillsdale HwyPortland, OR 97221

Phone: 503.977.2161OPEN: 10AM-2aM daily

jackstaproom.comLike us on Facebook:

http://view current delivery & pick-up menu https://jackstaproom.com/https://jackstaproom.com/https://www.facebook.com/jackstaproom/

RALEIGHRALEIGHHILLSHILLS

DOWNTOWNBEAVERTON

(4MILES)

CREEKSIDEAPARTMENTS

CEDARBROOKAPARTMENTS

N

SW Beave

rton-Hill

sdale Hwy

– 33,939

+ VPD

SW Beave

rton-Hill

sdale Hwy

– 33,939

+ VPD

JACK’S JACK’S TAP ROOM TAP ROOM

& GRILL& GRILL

Pendleton City Park

Hayhurst School

DOWNTOWNPORTLAND

(1.1MILES)


AERIAL MAP

EASILY ACCESSIBLE WITH LARGE INGRESS/EGRESS, 10 DEDICATED PARKING STALLS (INCLUDING ADJACENT ODOT PARCEL) &

30 ADDITIONAL STREET PARKING SPACES SURROUND THE PROPERTY N

SW Beaverton-Hillsdale Hwy – 33,939+ VPD

SW Beaverton-Hillsdale Hwy – 33,939+ VPD

JACK’S JACK’S TAP ROOM TAP ROOM

& GRILL& GRILL

DOWNTOWNPORTLAND(1.1MILES)

DOWNTOWNBEAVERTON

(4MILES)

Albert KellyPark

WilsonHigh School

Robert GrayMiddle School

HILLSDALEHILLSDALERieke

Elementary School

CEDARBROOKAPARTMENTS

TIMBERLEEAPARTMENTS

HILLSDALE TERRACEAPARTMENTS


AERIAL MAP


DEMOGRAPHICS

AVGHOUSEHOLDINCOME#OFHOUSEHOLDS 2020POPULATION

$137,692 $118,798 $110,5616,139 61,596 172,64314,425 127,537 366,130

DISTANCETODOWNTOWNPORTLANDDISTANCETOPORTLANDINTERNATIONALAIRPORT

TRAFFICCOUNTS

COUNTYMETROPOLITAN

PORTLAND,ORMULTNOMAHCOUNTY

PORTLANDMETRO

1 Mile 3 Miles 5 Miles

Approx 4.1 MilesApprox 17.5 Miles33,939+ Vehicles Per Day Along Southwest Beaverton-Hillsdale Highway26,483+ Vehicles Per Day Along Southwest 43rd AvenueMultnomahPortland MSA

664,103 (2020 Estimate)818,078 (2020 Estimate)Approx. 2.75 Million People (2020 Population Estimate)

Demographic and traffic count data: © CoStar Realty Information, Inc. 2020Other population data from: https://worldpopulationreview.com/us-cities/portland-or-population

ABOUTPORTLAND,ORPortland, Oregon is the second largest city in the Pacific Northwest, just three hours south by car of leader Seattle, Washington. It is the county seat of Multnomah County, the state’s most populous but smallest county by area. With projections of population and wage growth at 1.66% and 4.68% respectively, it ranked Number 17 on Forbes’ List of America’s Fastest-Growing Cities in 2018.

Ideally located at the confluence of the Willamette and Columbia Rivers and near Mount Hood and the Columbia River Gorge, the ‘City of Roses’ is known for its microbreweries, coffeehouses, eco-friendliness, expansive bike paths and parks. The Portland Metropolitan, comprised of the counties in NW Oregon (Multnomah, Clackamas, Washington, Columbia, Yamhill) and SW Washington (Clark and Skamania), now accounts for more than one-half of Oregon’s population. Steady booming growth in recent years has allowed for a significant uptick of construction, both commercial and residential, within Multnomah County.


AREA OVERVIEW

JACK’S TAP ROOM & GRILL

Mt. HoodDowntown Portland


LOCATION OVERVIEW

ABOUT HILLSDALEHillsdale is a neighborhood in South Portland, Oregon and is bordered by the SW Hills, Healy Heights, Burlingame, Multnomah Village and Raleigh Hills neighborhoods. The neighborhood offers a mix of hilly streets with tall trees and provides its residents an urban and suburban feel, while being only minutes to downtown. The district is centered around the Hillsdale retail and business area along Southwest Capitol Highway, a continuation of Oregon State Route 10 from Raleigh Hills and West Beaverton. The retail area is home to the Hillsdale Farmer’s Market, Salvador Molly’s, Casa Colima Mexican Restaurant and Cantina, and McMenamins Hillsdale Brewery & Public House. Hillsdale is home to Wilson High School and the Hillsdale Library, one of the busiest libraries in the county.

ABOUT RALEIGHHILLSThe neighborhood of Raleigh Hills resides in Washington County within the Portland Metro and is bordered by Beaverton, West Slope, Progress and Garden Home. The neighborhood is categorized as a census-designated place (CDP), the statistical counterparts of an incorporated place. Conveniently located at the intersection of Beaverton-Hillsdale Highway (Oregon State Route 10) and Scholls Ferry Road (Oregon State Route 210), it is considered one of the best places to live in the Portland Metro area with a higher-than-average household income.

Hillsdale Library

Hillsdale Farmers’ Market

McMenamins Hillsdale Brewery & Public House

image: multcolib.org

image:fitt.co

image:tripadvisor.com

https://multcolib.org/library-location/hillsdalehttp://www.hillsdalefarmersmarket.com/https://www.mcmenamins.com/hillsdale-brewery-public-househttps://multcolib.org/library-location/hillsdalehttps://fitt.co/portland/articles/farmers-markets-portlandhttps://fitt.co/portland/articles/farmers-markets-portland

commercialintegritynw.com

BRAD MACOMBERSenior [email protected] 200908061 | WA 95748
https://commercialintegritynw.com/https://commercialintegritynw.com/mailto:brad.macomber%40cinw.com?subject=

jack’s tap room & grill · content 05 the synopsis 06 financial synopsis 07 property synopsis 09...

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