2514 W International Speedway Blvd
Daytona Beach, FL 32114
BJ's Restaurant & Brewhouse: Daytona Beach,FL · Retail Property For Sale

HIGHLY PROFITABLE TENANT WITH MINIMAL DEBT: BJ’s Restaurants, Inc. (NASDAQ: BJRI) is a national brand with brewhouse roots and a menu with over 140 craft offerings. Founded in 1978, BJ’s owns and operates 205 casual dining restaurants spread across 27 states. BJ’s has been a pioneer in the craft brewing world, and takes pride in serving BJ’s award-winning proprietary handcrafted beers, brewed at its brewing operations in five states and by independent third-party craft brewers. The BJ’s experience offers high–quality ingredients, bold flavors, moderate prices, sincere service, and a cool, contemporary atmosphere. At the end of 2018, BJ’s Restaurants, Inc. reported Revenue in excess of $1.1 billion, EBITDA of $132 million, and Net Income of $50 million. Furthermore, the Company has a Net Worth in excess of $300 million and is levered less than 1.0x. LONG–TERM NNN GROUND LEASE WITH RENT INCREASES: BJ’s Brewhouse’s Absolute NNN Ground Lease has ± 10.8 years of primary lease term remaining (Original Term: 20 Years) and provides attractive rent growth with a 10% rent bump in 2025 and 10% increases in all four 5–year option periods. STRONG PERFORMER WITH EXTREMELY LOW RENT TO SALES RATIO: BJ’s Brewhouse has demonstrated its strong historical performance at this location by recording above average sales figures, which results in the Property having an extremely low rent–to–sales ratio. EXCELLENT ACCESS & VISIBILITY: The Property has excellent access and visibility along West International Speedway Boulevard (Traffic Count: 46,500) – the corridor’s main thoroughfare providing access east around to Daytona Beach – just down from the entrance / exit ramps to Interstate 95 (Traffic Count: 66,500 VPD). OUTPARCEL TO INTERNATIONAL SPEEDWAY SQUARE BJ’s Brewhouse is conveniently located as a central outparcel to the 254,538–square–foot International Speedway Square (Anchors: Dick’s, Michaels, Total Wine, Bed Bath & Beyond, Old Navy), which is one of the most desirable retail centers in the surrounding corridor. International Speedway Square is currently occupied with 19 tenants, which drives significant traffic around the site with additional tenants including Staples, Stein Mart, Shoe Carnival, Men’s Wearhouse, Edible Arrangements, Oreck, Motherhood Maternity, America’s Best Contacts & Eyeglasses, and outparcels of Chili’s, LongHorn, and Krystal.