The property that is home to P.H. Whelihan’s Pub + Restaurant at 101 Easton Road in Horsham was listed for sale on February 23rd. Please note, this does not impact the restaurant other than having a new landlord. The almost 1.5 acre property is listed for $3,373,000. The restaurant opened at this location in 2020 and has four years remaining on its initial lease.

From the listing:

CBRE is pleased to exclusively present for sale this property leased to P.J. Whelihan’s Pub + Restaurant, operated by PJW Restaurant Holding, LLC, located at the signalized intersection of Easton Road and Blair Mill Road in Horsham, Pennsylvania. The property benefits from excellent visibility at a hard-corner signalized intersection along Route 611, a heavily trafficked retail corridor with exposure to 66,775 vehicles per day.

The tenant operates under a NNN lease with approximately four years remaining on the initial 10-year term, including three five-year renewal options and one additional four-year, eleven-month option. The lease provides 10% rental increases every five years, with the tenant responsible for its proportionate share of taxes and CAM, while the landlord maintains roof and structure and carries commercial general liability and special form property insurance.

Built in 2020, this 8,000-square-foot freestanding build-to-suit restaurant features a contemporary design including dedicated outdoor patio seating and offers the owner a tax shelter via depreciation. Built specifically for P.J. Whelihan’s, the new and modern construction eliminates near-term capital expenditure risk. The property is competitively positioned within today’s restaurant sector and offers flexibility for future restaurant occupants should P.J. Whelihan’s ever vacate.

P.J. Whelihan’s is a well-established (43yrs) and growing regional brand with a strong presence throughout Pennsylvania and New Jersey. Operated by PJW Restaurant Holding, LLC, the company has built a loyal customer base and strong brand recognition as a leading sports bar and casual dining destination with 25+ locations. In 2021 Garnett Station Partners, a New York-based private equity firm that manages approximately $4 billion in assets, made a substantial investment into P.J.s to assist with the company’s growth strategy.

For full details on the listing, visit Crexi.com.

Image – Crexi.com