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BJ's Restaurant| $4,295,454 | 5.78% CAP

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» ABSOLUTE‑NET GROUND LEASE | ZERO LANDLORD OBLIGATIONS: 11 Year Remaining on Initial 20-Year Absolute Net Lease (Zero Landlord Responsibilities)


» CONTRACTUAL RENT GROWTH | 5% EVERY 5 YEARS: Four Renewal Options, Each 5 Years, With Fixed 5% Upward Adjustments At Each Term — Providing Predictable NOI Escalation.


» RECENT CONSTRUCTION | MODERN 7,500 SF RESTAURANT FOOTPRINT: Built In 2016 On A 2.06‑Acre Pad, The Asset Is Well Suited For Restaurant Operations, Drive Thru, And Site Configuration Without Structural Constraints.


» GROUND LEASE STRUCTURE MITIGATES OBSOLESCENCE RISK: Because The Tenant Bears All Site, Structure, And Maintenance Cost, The Landlord Is Insulated Against Cap Ex Volatility And Market‑Style Deterioration.


» PREMIER MSA LOCATION | RALEIGH‑CARY METRO STATISTICAL AREA: Asset Is Situated In One Of The Fastest‑Growing And Strongest Performing Metros In The Southeast. The Raleigh‑Cary MSA Counts ~1.5 Million Population And Benefits From Strong Economic Diversification And In‑Migration.


» AFFLUENT & DENSE TRADE MARKET: Within 5 Miles, Population Of ~178,000 With Average Household Incomes Exceeding $108,900 — Providing Solid Consumer
Density And Spending Power.


» CARY / WAKE COUNTY STRENGTHS: Cary, NC Is Recognized For High Educational Attainment (Over Two‑Thirds Of Adults Hold A Bachelor’s Degree Or Higher)
And An Elevated Median Household Income (~$113,782)


» RTP / TECH CORRIDOR ADJACENT: Proximity To Research Triangle Park, Major Universities, And Tech Employers Enhances Daytime Traffic, Employment Base,
And Demographic Tailwinds.

PRESENTED BY:

PETER DELTONDO
Founder, Deltondo Advisory Group
(949) 698-2609
pdeltondo@marcusmillichap.com
Lic. CA 01797033

© 2025 Deltondo Advisory Group of Marcus & Millichap Newport Beach

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