This offering consists of a BJ’s Restaurant & Brewhouse operating under a long-term absolute NNN corporate ground lease, providing investors with one of the most passive income structures available. The lease is guaranteed by BJ’s Restaurants, Inc. (NASDAQ: BJRI), a nationally recognized brand with over 200 locations across 29 states. Constructed in 2016 as part of the BJ’s prototype rollout, the property has demonstrated strong sales performance since opening.
The asset benefits from an initial 20-year lease term with approximately 10 years remaining and rent escalations every five years, plus three additional five-year renewal options. With zero landlord responsibilities, predictable income, and increases tied to CPI, this property offers stability and long-term security for any investor.
Strategically located in Victorville’s dominant retail corridor along Interstate 15, the property sits directly adjacent to a Walmart Supercenter and within close proximity to national retailers including Lowe’s, Kohl’s, Starbucks, and Panera Bread. The surrounding trade area serves a population of over 629,000 residents and is supported by strong housing growth and major infrastructure projects, including the planned Brightline West high-speed rail system. This prime location in the high-growth Victor Valley submarket positions the asset for continued demand, driven by one of Southern California’s busiest transportation routes and a robust consumer base.