BJ's Brewhouse - Lancaster, PA
925 Plaza Blvd, Lancaster, PA, 17601, US
3 775 000 $ | 642 mètres carrés
Description de l'actif
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire a 5,234 square foot freestanding, single-tenant LongHorn Steakhouse located at 993 Plaza Blvd in Lancaster, Pennsylvania (“Property” or “Asset”). LongHorn Steakhouse is operating on its third renewal option of an initial 10.0-year ground lease with ±5.0 years of lease term remaining and one, five-year renewal option that features a 12.5% rent increase.
Longhorn Steakhouse is a popular American restaurant chain renowned for its fresh, boldly seasoned steaks. The chain is owned by Darden Restaurants, Inc. (NYSE: DRI), the world’s largest company-owned and operated full service restaurant group. Longhorn Steakhouse has demonstrated strong performance, with 2024 sales of $2.8 billion, average annual sales per restaurant of $4.9 million, and same-store sales increase of 7.5%.
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Attributs
Prix demandé
3 362 000 $
Taux de capitalisation
6,45 %
RNI
217 000 $
WAULT
5 années
Superficie du bâtiment nette
528 mètres carrés
Média
Points forts de l'investissement
- Highly affluent market with $104K AHHI (3-mile radius)
- Ground lease with no landlord responsibilities
- In-fill location servicing a highly captive trade area within a hyperactive retail corridor
- Notable tenant with 2024 average annual sales per restaurant of $4.9 million
Contactez les courtiers
LongHorn Steakhouse - Lancaster, PA (0 Propriétés)
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Dernière mise à jour
27 janv. 2025
