Listed by JLL Chicago | Americas Headquarters
$4,930,000
BJ's Brewhouse - Dublin, OH
Details
Property Type Retail
Sub Type Restaurant
Square Footage 9,229
Net Rentable (SqFt) 9,229
Cap Rate 6.75%
NOI $332,750
Tenancy Single
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 09/30/2031
Remaining Term 5.2
Rent Bumps Yes
Lease Options One (1), Five-Year Option
Year Built 1996
Year Renovated 2011
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2011
Ground Lease Yes
Retail | 6.75% CAP | 9,229 SqFt
Marketing 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
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)
Listing Contacts
Listed by JLL Chicago | Americas Headquarters
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$332,750.00
$27,729.17/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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