BJ's Brewhouse - Toledo, OH

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire a ±7,600 square foot freestanding, single-tenant BJ’s Restaurant & Brewhouse (“BJ’s”) located at 4905 Monroe St in Toledo, Ohio (“Property” or “Asset”). BJ’s is operating on a 15-year lease with ±8.3 years of primary term remaining, 10.0% rent escalations every 5-years, and three, five-year renewal options. 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 215 locations across 31 states and a market capitalization of $778 million.

Situated in northwestern Toledo just six miles from downtown, BJ’s is positioned with frontage along Monroe Street (Highway 51), less than a mile off Interstate 475 with direct accessibility to more than 91,000 vehicles per day. BJ’s is positioned as an outparcel to Franklin Park Mall, a super-regional shopping mall and major retail destination in northwest Ohio. Franklin Park Mall generates 5.9 million visits annually while ranking in the top 3% of most visited shopping centers in Ohio and across the nation (Placer.ai). Adjacent to the Property is Franklin Place shopping center which generates 4.4 million visits annually and ranks in the top 6% of most visited shopping centers in Ohio and across the nation.

The immediate trade area has strong demographics with a dense local population of 209,000+ and an average household income of $89K+ within a five-mile radius. This unique offering presents the opportunity to acquire long term passive income with minimal landlord obligations from a widely recognized American casual-dining operator with high value intrinsic real estate.