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Corporate BJ’s Restaurant 5707 Dillard Dr 7,500 SF Retail Building Cary, NC 27518 $4,295,454 ($572.73/SF) 5.78% Cap Rate
Investment Highlights
- ABSOLUTE-NET GROUND LEASE | ZERO LANDLORD OBLIGATIONS
- RECENT CONSTRUCTION | MODERN 7,500 SF RESTAURANT FOOTPRINT
- PREMIER MSA LOCATION | RALEIGH-CARY METRO STATISTICAL AREA
- CONTRACTUAL RENT GROWTH | 5% EVERY 5 YEARS
- GROUND LEASE STRUCTURE MITIGATES OBSOLESCENCE RISK
- AFFLUENT & DENSE TRADE MARKET
Property Facts
Amenities
- Restaurant
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Oct 2036
BJ’s Restaurant & Brewhouse is a full-service casual dining chain headquartered in California. The company was founded in 1978 and has expanded into a national brand with locations across multiple states. Its menu includes deep-dish pizza, burgers, pastas, salads, slow-roasted entrées, and the signature Pizookie dessert. BJ’s also produces proprietary craft beers through its brewing facilities and select partner breweries. The organization operates as a publicly traded company under BJ’s Restaurants, Inc., listed on NASDAQ. Its restaurants offer sit-down dining in a high-energy environment with an emphasis on hospitality and varied menu selections.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | Oct 2036 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0772.07-69-0945-000 | Improvements Assessment | $1,537,722 |
| Land Assessment | $3,114,667 | Total Assessment | $4,652,389 |
Property Taxes
Presented by
Corporate BJ’s Restaurant | 5707 Dillard Dr
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