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P.J. Whelihan's | Horsham, PA 101 Easton Rd 8 000 pi² Commerce de détail Immeuble Horsham Township, PA 19044 4 621 685 $ CAD (577,71 $ CAD/pi²) 6,74% Taux de capitalisation
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Established regional tenant P.J. Whelihan’s Pub + Restaurant with 25+ locations and strong brand recognition.
- Prime signalized corner in Horsham, Pennsylvania with 66,775 VPD, anchored by Wawa and CVS.
- Less than 0.5 miles from the Pennsylvania Turnpike (I-276) interchange (100,000+ VPD).
- NNN lease with 4 years remaining plus renewal options and 10% rent increases every five years.
- Built in 2020, freestanding build-to-suit restaurant with modern design and minimal capex risk.
- Strong demographics and daytime population near Pennsylvania Business Campus and Jefferson Health – Willow Grove.
Résumé de l'annonce
CBRE is pleased to exclusively present for sale
this property leased to P.J. Whelihan’s Pub + Restaurant, operated by PJW Restaurant Holding, LLC, located at the signalized intersection of Easton Road and Blair Mill Road in Horsham, Pennsylvania. The property benefits from excellent visibility at a hard-corner signalized intersection along Route 611, a heavily trafficked retail corridor with exposure to 66,775 vehicles per day.
The tenant operates under a NNN lease with approximately four years remaining on the initial 10-year term, including three five-year renewal options and one additional four-year, eleven-month option. The lease provides 10% rental increases every five years, with the tenant responsible for its proportionate share of taxes and CAM, while the landlord maintains roof and structure and carries commercial general liability and special form property insurance.
Built in 2020, this 8,000-square-foot freestanding build-to-suit restaurant features a contemporary design including dedicated outdoor patio seating and offers the owner a tax shelter via depreciation. Built specifically for P.J. Whelihan’s, the new and modern construction eliminates near-term capital expenditure risk. The property is competitively positioned within today’s restaurant sector and offers flexibility for future restaurant occupants should P.J. Whelihan's ever vacate.
P.J. Whelihan’s is a well-established (43yrs) and growing regional brand with a strong presence throughout Pennsylvania and New Jersey. Operated by PJW Restaurant Holding, LLC, the company has built a loyal customer base and strong brand recognition as a leading sports bar and casual dining destination with 25+ locations. In 2021 Garnett Station Partners, a New York-based private equity firm that manages approximately $4 billion in assets, made a substantial investment into P.J.s to assist with the company’s growth strategy.
this property leased to P.J. Whelihan’s Pub + Restaurant, operated by PJW Restaurant Holding, LLC, located at the signalized intersection of Easton Road and Blair Mill Road in Horsham, Pennsylvania. The property benefits from excellent visibility at a hard-corner signalized intersection along Route 611, a heavily trafficked retail corridor with exposure to 66,775 vehicles per day.
The tenant operates under a NNN lease with approximately four years remaining on the initial 10-year term, including three five-year renewal options and one additional four-year, eleven-month option. The lease provides 10% rental increases every five years, with the tenant responsible for its proportionate share of taxes and CAM, while the landlord maintains roof and structure and carries commercial general liability and special form property insurance.
Built in 2020, this 8,000-square-foot freestanding build-to-suit restaurant features a contemporary design including dedicated outdoor patio seating and offers the owner a tax shelter via depreciation. Built specifically for P.J. Whelihan’s, the new and modern construction eliminates near-term capital expenditure risk. The property is competitively positioned within today’s restaurant sector and offers flexibility for future restaurant occupants should P.J. Whelihan's ever vacate.
P.J. Whelihan’s is a well-established (43yrs) and growing regional brand with a strong presence throughout Pennsylvania and New Jersey. Operated by PJW Restaurant Holding, LLC, the company has built a loyal customer base and strong brand recognition as a leading sports bar and casual dining destination with 25+ locations. In 2021 Garnett Station Partners, a New York-based private equity firm that manages approximately $4 billion in assets, made a substantial investment into P.J.s to assist with the company’s growth strategy.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Restaurant
Taille du bâtiment
8 000 pi²
Classe d’immeuble
C
Année de construction
2020
Prix
4 621 685 $ CAD
Prix par pi²
577,71 $ CAD
Taux de capitalisation
6,74%
Revenu net d’exploitation
311 633 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,13
Taille du lot
1,39 AC
Zonage
I1
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 36-00-00901-008 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 4 446 135 $ CAD |
Impôts fonciers
Numéro de lot
36-00-00901-008
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
4 446 135 $ CAD
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P.J. Whelihan's | Horsham, PA | 101 Easton Rd
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