Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant BJ’S Brewhouse at 5141 Tuttle Crossing Blvd in Dublin, Ohio (“Property” or “Asset”). The Property is operating on an absolute NNN ground lease with ±5.4 years of primary lease term remaining, 10% rent escalations every 5 years and one, five-year option.

OH Broker of Record: Jon Vanderplough – License #: SAL.2005015674

...

Attributes

Asking price

£3,694,000

Cap rate

6.75%

NOI

£250,000

WAULT

5.4 years

Building area net

9,229 sf

Media

Investment Highlights

Absolute NNN ground lease with ±5.4 years of primary lease term remaining
Outparcel to The Mall at Tuttle Crossing, the largest shopping center in Dublin
Strong demographics with 42% population growth since 2010 within a 1-mile radius
Directly off major I-270 on-ramp/off-ramp with accessibility to 139,000 VPD
Affluent 5-mile residential base earning average household incomes of $145K+
10 miles to downtown Columbus with over 2.2 million residents
BJ’s Brewhouse ranked #21 full-service restaurant chain in America (FSR)