Ground Lease Restaurant
For Sale
Contact for pricing
Pending
8285 Red Bug Lake Rd, Oviedo, FL 32765
Ground lease BJ’s Restaurant Brewhouse with a corporate guaranteed absolute NNN structure and remaining initial term of 18 years.
Days on Market111
Property Features for 8285 Red Bug Lake Rd
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Issenberg Britti Group
(786) 522-7017
Listed By:
Gabriel Britti · License #FL SL3211804
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 28 at 1:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Issenberg Britti Group
Investment Insights
Based on property information with market context.
This ground lease BJ’s Restaurant Brewhouse is offered as an absolute NNN property. BJ’s executed a 20-year absolute NNN lease in 2014, and the tenant exercised the first option period early. More than 18 years of initial term remain in the corporate guaranteed lease.
The property is located within Oviedo Park Crossing, a 321,249-square-foot power center, and the remarks describe substantial traffic in the surrounding area. The site is situated near the intersection of Red Bug Lake Road and Oviedo Mall Blvd, with combined traffic counts exceeding 46,300 vehicles per day. The trade area is described as home to major national and regional retailers, including Target, Lowe’s, Ross, Michael’s, PetSmart, AT&T, Dunkin Donuts, Tropical Smoothie Café, Chili’s, Bed Bath & Beyond, Home Depot, Aldi’s, and Jared of the Galleria Jewelry.
BJ’s is described as operating more than 200 restaurants across 29 states, and the restaurants are noted in the remarks as offering dine-in, take-out, delivery, and large party catering.
The property is located within Oviedo Park Crossing, a 321,249-square-foot power center, and the remarks describe substantial traffic in the surrounding area. The site is situated near the intersection of Red Bug Lake Road and Oviedo Mall Blvd, with combined traffic counts exceeding 46,300 vehicles per day. The trade area is described as home to major national and regional retailers, including Target, Lowe’s, Ross, Michael’s, PetSmart, AT&T, Dunkin Donuts, Tropical Smoothie Café, Chili’s, Bed Bath & Beyond, Home Depot, Aldi’s, and Jared of the Galleria Jewelry.
BJ’s is described as operating more than 200 restaurants across 29 states, and the restaurants are noted in the remarks as offering dine-in, take-out, delivery, and large party catering.
Key Highlights
- Ground lease BJ’s Restaurant Brewhouse at 8285 Red Bug Lake Road in Oviedo, FL
- 20‑year absolute NNN lease executed in 2014 with 18+ years remaining in the initial term
- Corporate guaranteed lease structure with tenant exercising the 1st option early
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
224k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Shops & Services 31%
Apparel 18%
Dining 7%
Publix
Groceries
40,124 visits/mo
0.4 miles
Sprouts Farmers Market
Groceries
28,468 visits/mo
0.4 miles
Aldi
Groceries
27,289 visits/mo
0.4 miles
RaceTrac
Shops & Services
25,328 visits/mo
0.3 miles
Goodwill
Apparel
19,603 visits/mo
0.3 miles
Demographics for 32765, FL
65,228
Population
23,389
Households
2.8
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
39.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$99,161
Median Household Income
$48,595
Median Earnings
$1,870
Median Rent
$418,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Ground lease BJ’s Restaurant Brewhouse with a corporate guaranteed absolute NNN structure and remaining initial term of 18 years.
Where is this conventional restaurant located?
The property is located at 8285 Red Bug Lake Rd Oviedo, FL.
What are key features of this property?
This property features: Ground lease BJ’s Restaurant Brewhouse at 8285 Red Bug Lake Road in Oviedo, FL; 20‑year absolute NNN lease executed in 2014 with 18+ years remaining in the initial term; Corporate guaranteed lease structure with tenant exercising the 1st option early
