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BJ’s Restaurant and Brewhouse 2609 S Stemmons Fwy 8,557 SF Retail Building Lewisville, TX 75067 $2,938,053 ($343.35/SF) 5.65% Cap Rate
Investment Highlights
- Highly visible location along one of the primary north south commuter and regional corridors connecting Lewisville, Denton, and Dallas.
- Surrounded by mature neighborhoods and continued residential growth across Lewsiville, Flower Mound, Highland Village, and The Colony.
- Positioned within an established big box and daily retail node that drives consistent traffic throughout the week.
Executive Summary
Hunington is excited to present the opportunity to purchase the fee simple interest in a BJ’s Restaurant and Brewhouse located at 2609 S. Stemmons, Lewisville, TX 75067. BJ’s Restaurant and Brewhouse is a nationally recognized, full service dining concept known for its broad menu, craft beer program, and strong brand presence across the United States.
This offering represents an exceptional chance to acquire a ground lease under a well-positioned retail and dining asset in the Vista Ridge Marketplace anchored by Costco. Situated in a thriving retail corridor with convenient highway access, the property benefits from strong traffic drivers and is anchored by an established, high-quality tenant.
Lease Type: Absolute Net Rent
Ownership Type: Ground Lease
Tenant Guarantor: Corporate
NOI: $166,000.00
Cap Rate: 5.65%
Primary Term: 20 Years
Rent Increases: $182,000 on 10/1/2027
Lease Commencement: 10/1/2002
Lease Expiration: 9/30/2032
Building Size (Sq Ft) Approx. 9,000 SF
Land Size (Acres): 1.59 AC
Year Built: 2002
This offering represents an exceptional chance to acquire a ground lease under a well-positioned retail and dining asset in the Vista Ridge Marketplace anchored by Costco. Situated in a thriving retail corridor with convenient highway access, the property benefits from strong traffic drivers and is anchored by an established, high-quality tenant.
Lease Type: Absolute Net Rent
Ownership Type: Ground Lease
Tenant Guarantor: Corporate
NOI: $166,000.00
Cap Rate: 5.65%
Primary Term: 20 Years
Rent Increases: $182,000 on 10/1/2027
Lease Commencement: 10/1/2002
Lease Expiration: 9/30/2032
Building Size (Sq Ft) Approx. 9,000 SF
Land Size (Acres): 1.59 AC
Year Built: 2002
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,557 SF
Building Class
C
Year Built
2002
Price
$2,938,053
Price Per SF
$343.35
Cap Rate
5.65%
NOI
$166,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.66 AC
Zoning
LI, Lewisville
Parking
141 Spaces (17.21 Spaces per 1,000 SF Leased)
Frontage
237’ on S Stemmons Fwy
Nearby Major Retailers
Property Taxes
| Parcel Number | R239185 | Improvements Assessment | $1,455,900 |
| Land Assessment | $1,449,700 | Total Assessment | $2,905,600 |
Property Taxes
Parcel Number
R239185
Land Assessment
$1,449,700
Improvements Assessment
$1,455,900
Total Assessment
$2,905,600
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BJ’s Restaurant and Brewhouse | 2609 S Stemmons Fwy
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