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BJ’s Restaurants NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence

BJ's Restaurants NNN Properties BJ's Restaurants Net Lease Properties BJ's Restaurants NNN Properties for Sale BJ's Restaurants Ground Lease Properties BJ's Restaurants Investment Properties BJ's Restaurants Real Estate BJ's Restaurants 1031 Exchange BJ's Restaurants 1031 Exchange Properties BJ's Restaurants Net Lease Investment BJ's Restaurants Cap Rates BJ's Restaurants Commercial Real Estate BJ's Restaurants Sale Leaseback Restaurant NNN Properties for Sale Restaurant Net Lease Investments Casual Dining NNN Properties

Last Year Cap

6.0%

This Year Cap

6.1%

Cap Change

0.1%

BJ's Resturant – NNN Cap Rate Trend

Cap Rate Trends

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at Tenant Year Cap Rate
5779 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,020 6.5
5780 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,021 6.3
5781 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,022 6.0
5782 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,023 6.3
5783 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,024 6.6
5784 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,025 6.6
Tenant Year Cap Rate
1031 Exchange
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Credit (what net-lease buyers care about)

Credit Snapshot

BJ's Resturant

Cap Rates NNN
Last Year 6.0%
This Year 6.1%
Change 0.1%
S&P Rating CREDIT
Last Year NR
This Year NR
Change NO CHANGE

BJ’s Restaurants Net Lease: Secure, Essential Investment

BJ’s Restaurants is a well-established casual dining operator with locations across the United States. This guide reviews cap rates, lease terms, tenant credit, lease structures, and key due diligence considerations for buyers and sellers.

For 1031 exchange buyers, BJ’s Restaurants Ground Lease Properties can be compared with fee-simple BJ’s Restaurants assets, as lease structure can affect pricing, financing, risk, and long-term resale value.

BJ’s Restaurants Ground Lease Properties require close review of rent escalations, remaining lease term, renewal options, landlord responsibilities, and residual land value compared with fee-simple ownership.

BJ’s Restaurants Ground Lease Properties for 1031 Exchange Buyers

BJ’s Restaurants ground lease properties can trade differently from fee-simple assets. Buyers should carefully evaluate lease structure, remaining term, renewal options, rent growth, landlord obligations, tenant credit, property location, and reversion rights to understand the investment’s long-term risk and return. Investors should also review traffic counts, visibility, accessibility, parking, and surrounding retail activity before purchasing a BJ’s Restaurants property.

The quality of the real estate can remain important even if the restaurant operator changes in the future. Buyers should verify whether the lease is absolute NNN, NNN, NN, or another modified structure before underwriting the property.

BJRI stock price  by TradingView

BJ’s Restaurants Investment Market Statistics

AVERAGE SALE PRICE

$3,879,000

BUILDING SIZE

7,600 – 9,094 SF

AVERAGE NOI

$234,000

LAND

0.72 – 2.2 acres

$/SF RANGE

$367 – $553

LEASE TERM SHOWN

20 years

BJ’s Restaurants Investor Snapshot (Quick Facts)

Origins & Growth (Past)

  • Founded in 1978 in Orange County, California
  • Started as a small sit-down pizzeria
  • Introduced proprietary craft beers in 1996
  • Expanded into a full-service restaurant concept
  • Grew its restaurant footprint across the U.S.
  • Developed the BJ’s deep-dish pizza and Pizookie® concept
 

Where BJ’s Restaurants Stands Today

  • National full-service casual dining restaurant chain
  • 219 company-operated restaurants across 31 states
  • Strong presence in California, Texas, Florida and Ohio
  • Broad menu featuring pizza, entrées, craft beer and desserts
  • All restaurants offer take-out and delivery services
  • Continues restaurant expansion and operational improvement

WhereBJ’s Restaurants Stands Today

  • Focused on operational excellence and guest experience
  • Expanding its restaurant footprint selectively
  • Strong brand recognition in casual dining
  • Digital ordering, reservations and delivery capabilities
  • Proprietary craft beer and Pizookie® differentiate the brand
  • Positioned for continued long-term restaurant growth
 

Why investors buy BJ’s Restaurants NNN Properties or BJ’s Restaurants ground Lease Properties?

Pros (what buyers like)

  • Strong national restaurant brand
    Established casual dining brand with 219 restaurants across 31 states
  • Long operating history
    Founded in 1978 with a well-established restaurant and brewhouse concept
  • Ground lease opportunities
    Many BJ’s restaurant locations use operating leases, principally ground leases
  • Potentially passive ownership
    Absolute NNN structures can shift taxes, insurance, maintenance and repair responsibilities to the tenant

Cons (what can bite you)

  • Lease structure variability
    Not every BJ’s property has the same NNN or ground lease structure
  • Restaurant industry risk
    Sales can be affected by consumer spending, labor and food costs.
  • Re-tenanting challenges
    Large, specialized restaurant spaces can be costly to convert.
  • Lease renewal risk
    Expiring leases may not always be renewed on the same terms.

Find out more

BJ's Restaurants NNN Properties BJ's Restaurants Net Lease Properties BJ's Restaurants NNN Properties for Sale BJ's Restaurants Ground Lease Properties BJ's Restaurants Investment Properties BJ's Restaurants Real Estate BJ's Restaurants 1031 Exchange BJ's Restaurants 1031 Exchange Properties BJ's Restaurants Net Lease Investment BJ's Restaurants Cap Rates BJ's Restaurants Commercial Real Estate BJ's Restaurants Sale Leaseback Restaurant NNN Properties for Sale Restaurant Net Lease Investments Casual Dining NNN Properties

BJ’s Restaurants Background & History

BJ’s Restaurants is a casual dining company known for its portfolio of restaurants across the United States. The company began as a small pizza-focused concept and expanded into a broader casual dining brand offering a variety of food, beverages, and its signature craft beers.

Over time, BJ’s Restaurants grew its footprint across multiple states, focusing on high-traffic locations with strong visibility and convenient access. Its restaurant formats typically feature large dining areas designed to accommodate both everyday customers and group occasions.

Today, BJ’s continues to focus on restaurant operations, menu development, customer experience, and improving the performance of its existing locations.

Why BJ’s Restaurants Matters to NNN Investors

BJ’s Restaurants can be relevant to NNN investors because restaurant properties are often located along major retail corridors and near established population centers. High visibility, convenient access, and surrounding retail activity can support long-term property demand.

For investors, the value of a BJ’s Restaurants NNN property is primarily influenced by the lease structure, tenant strength, remaining lease term, rent escalations, and the quality of the underlying real estate.

What Buyers and Sellers Should Evaluate

When evaluating a BJ’s Restaurants NNN property or ground lease, investors should look beyond the brand name and assess the individual property carefully. The investment is influenced by the lease structure, remaining lease term, rent escalations, property visibility, accessibility, and surrounding demographics.

Investors should also consider restaurant sales, operating performance, local competition, and the potential for the property to be re-tenanted if the lease ends. Building size, layout, and conversion costs can also affect the property’s long-term flexibility and resale potential.

Corporate vs. Franchise | Store Count

BJ’s Restaurants operates its restaurants primarily through a company-owned model rather than a traditional franchise network. This means the corporate entity is directly responsible for restaurant operations and lease obligations. For NNN investors, the tenant relationship and financial strength of BJ’s Restaurants are important factors when evaluating lease security and long-term property performance.

BJ’s Restaurants Financial Snapshot

BJ’s Restaurants properties may be structured under long-term NNN or modified NNN leases, depending on the individual property and lease agreement. Investors should carefully review rent escalations, remaining lease term, renewal options, and landlord responsibilities for items such as roof, structure, and major repairs. Lease terms can vary significantly by property, so each asset should be evaluated individually.

BJ’s Restaurants Lease Types

Most single-tenant Boston Market properties are evaluated as NNN or modified NNN leases, although the exact structure varies by transaction. Buyers should review the lease to determine responsibility for taxes, insurance, maintenance, roof, structure, and other property expenses. Longer remaining lease terms and contractual rent escalations can provide greater income visibility for investors

our team of experts are here for you

Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.

Whether you are comparing BJ’s Restaurants ground lease properties or fee simple BJ’s Restaurants assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.

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