BJ's Restaurants, Inc. is an American chain of restaurants, home of the world famous Pizookie dessert. With select restaurant locations operating full process microbreweries, some of their brews have been awarded gold and silver medals at various competitions throughout the world. BJ's is publicly traded on the NASDAQ as BJRI, with a market capitalization of $1.1 billion.
BJ's is headquartered in Southern California, and currently has 197 restaurants across the United States. BJ's is a strong net leased investment because of their family friendly environment and centralized locations. Primary lease terms are typically 20-year triple net ground leases with 5-year renewal options. For 2017, cap rates and sales prices averaged 5.25% and $5,000,000.