Aldi - Voorhees, NJ
142 NJ-73, Voorhees Township, NJ, 08043, US
$4,750,000 | 19,054 sf
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
$2,622,000
Cap rate
6%
NOI
$158,000
WAULT
11.9 years
Building area net
6,914 sf
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
Contact brokers
BJ's Brewhouse - Lancaster, PA (0 Properties)
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Last updated
Jan 27, 2025
