BJ's Wholesale Club NNN Property For Sale
This investment opportunity features a net-leased BJ's Wholesale Club property. BJ's Wholesale Club Holdings, Inc. operates warehouse clubs throughout the eastern United States, offering a diverse range of products including perishable goods, general merchandise, gasoline, and other services. The company also maintains a strong e-commerce presence. As of May 2, 2020, BJ's operated 218 warehouse clubs and 145 gas stations across 17 states. Founded in 1984, the company is headquartered in Westborough, Massachusetts, and has a strong credit rating (S&P).
- Asking price $20.00M
- 6.15% cap rate
- NOI $1.25M
- 20 years remaining
- NNN lease
- Building size: 100,000 SF
- Lot size: 8.00 acres
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Asset type: Retail