Portfolio

PJW Restaurant Group Portfolio

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area Gross
Land Area Gross ()
Call for Offers

Portfolio description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer qualified investors the opportunity to purchase the PJW Restaurant Group Portfolio (the “Portfolio” or “Offering”), a portfolio of 12 single-tenant restaurant assets leased to affiliates of PJW Restaurant Group (the “Tenant”, “PJW”, or “Company”) throughout New Jersey and Pennsylvania under absolute NNN leases. The Portfolio features an average remaining lease term of approximately 14.5 years and a corporate guaranty for each lease. The offering allows investors to acquire top performing sites throughout the Philadelphia MSA that comprise nearly 50% of the PJW Restaurant Group (Guarantor) footprint.

Investment highlights

CORPORATE GUARANTY FROM LARGEST RESTAURANT CHAIN IN THE REGION 

  • PJW Restaurant Group is the largest neighborhood pub and restaurant chain in the Greater Delaware Valley region, which is comprised of eastern Pennsylvania and the surrounding states of Delaware, Maryland, and New Jersey inclusive of the Philadelphia Metro. The Company has strategically grown throughout the region over the last 39+ years and will be able to successfully take the next step in its phase of growth with the capital-backing and strong track record of the sponsor: Garnett Station Partners. Investors will benefit from a strong corporate guaranty from the parent entity.

EXCEPTIONAL SITE-LEVEL PERFORMANCE AND COVERAGE METRICS

  • The Portfolio is made up of 12 high-performing sites that are critical to the overall success of PJW Restaurant Group. Across the Portfolio, 2021 sales PSF was an impressive $490 PSF at an Adj. EBITDAR margin of 25.3%. Further, 2021 Adj. EBITDAR-to-rent coverage was 3.7x – providing prospective investors with ample cushion in a downturn scenario. Performance across the Portfolio bounced back strong in 2021 and has returned to be materially in-line with pre-COVID metrics.

WELL-LOCATED REAL ESTATE 

  • The 12 sites are all strategically located in affluent suburbs with high visibility to street and foot traffic. Average vehicles passing each site per day is ~22,600 across the portfolio while median household income within 1-mile of the sites is an impressive ~$92,900.

IDEAL LONG-TERM NET LEASES WITH ANNUAL INCREASES 

  • The in-place Absolute NNN leases provide for a truly passive investment with no landlord obligations. Additionally, investors will benefit from 2.00% annual base rent increases across the portfolio as a hedge against inflation.


There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

List View
Map View
PJW Restaurant Group Portfolio (12 Properties)
PJ Whelihans Lehighton
Lehighton, PA, United States
PJ Whelihans Walbert
Allentown, PA, United States
PJ Whelihans Allentown
Allentown, PA, United States
PJ Whelihans Sewell
Sewell, NJ, United States
PJ Whelihans Haddonfield
Haddonfield, NJ, United States
PJ Whelihans Medford Lakes
Medford Lakes, NJ, United States
PJ Whelihans Cherry Hill
Cherry Hill, NJ, United States
PJ Whelihans Maple Shade
Maple Shade, NJ, United States
Treno Pizza Bar
Haddon Township, NJ, United States
The Pour House
Haddon Township, NJ, United States
PJ Whelihans Bethlehem
Bethlehem, PA, United States
The ChopHouse
Gibbsboro, NJ, United States
Expand Map Collapse Map
Last Updated Date: 08 Jun 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.