BJ's Brewhouse - Lancaster, PA_Property for Sale
BJ's Brewhouse - Lancaster, PA_Property for Sale
925 Plaza Blvd, Lancaster, PA, 17601, US

BJ's Brewhouse - Lancaster, PA

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire a 6,914 square foot freestanding, single-tenant BJ’s Restaurant & Brewhouse (“BJ’s) located at 925 Plaza Blvd in Lancaster, Pennsylvania (“Property” or “Asset”). BJ’s is operating on a 20.0-year ground lease with ±11.9 years of primary lease term remaining, 10.0% rent escalations every 5-years, and one, five-year renewal option.


BJ’s Restaurant & Brewhouse is a well-established American casual dining chain renowned for its deep-dish pizza and its wide selection of beverages. BJ’s is the 2024 #50 Biggest Restaurant Chain in America according to Nation’s Restaurant News, with 200 locations across 31 states and a market capitalization of $785 million.

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Attributes

Asking price
€2,516,000
Cap rate
6%
NOI
€151,000
WAULT
11.9 years
Building area net
642 m²

Media

Investment Highlights

  • 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 recognized as the most decorated restaurant-brewery in the country
BJ's Brewhouse - Lancaster, PA 4_Property for Sale
BJ's Brewhouse - Lancaster, PA 4_Property for Sale

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BJ's Brewhouse - Lancaster, PA (0 Properties)

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Last updated
27 Jan 2025