2050 Ikea Rbfcu Pky - Restaurant FOR SALE


Live Oak, TX 78233- Live Oak Park
$4,000,000 USD
210-366-3500
2050 Ikea Rbfcu Pky, Live Oak, TX for Sale
$4,000,000 USD
Restaurant - FOR SALE
1/3
null | 5.75% Cap Rate

2050 Ikea Rbfcu Pky
Live Oak, TX 78233
Live Oak Park


OVERVIEW

BJ’s Restaurant and Brewhouse is located at the southwest quadrant of Loop 1604 and IH-35 in Live Oak Town Center, anchored by IKEA, Floor & Décor and Dick’s House of Sport. Retailers and traffic draws in the area include Costco, Target, Home Depot, Regal Cinemas and Kohl’s. The BJ’s benefits from a location serving a trade area of 221,951 residents within a five-mile radius and more than 200,000 vehicles per day at the intersections. BJ’s is a national brand with brewhouse roots and a menu where craft matters. BJ’s broad menu has something for everyone, and BJ’s has been a pioneer in the craft brewing world since 1996, and takes pride in serving BJ’s award-winning proprietary handcrafted beers, brewed at it 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. Founded in 1978, BJ’s owns and operates more than 215 restaurants in 31 states. For 2024, BJ’s reported that total revenue increased 1.8% to $1.4 billion, and comparable restaurant sales increased 1.2%. Additionally, restaurant level operating profit was $195.6 million, and increase of 10.0%, with restaurant level operating profit margin of 14.4%, an increase of 110 basis points.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$704 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

BJ's Restaurant & Brewhouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

19.16 AC

LAND SF

834,585 SF

ZONING

-

APN/PARCEL ID

05042-400-0220

ASK ABOUT THIS PROPERTY

210-366-3500

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210-366-3500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.