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BJ's Wholesale Club | 20-YR GL | 5.25% CAP 124 Beachwalk Boulevard

103,500 SF Retail Building Saint Johns, FL 32259 $30,346,877 CAD ($293 CAD/SF) 5.25% Cap Rate

Retail Space Florida Saint Johns 124 Beachwalk Boulevard, Saint Johns, FL 32259

Investment Highlights

  • New construction BJ's Wholesale Club (NYSE: BJ) in tax-free, high-growth state with scheduled rent increases
  • $137,134 AHHI in 3 miles with the second lowest unemployment rate in FL at 1.9%
  • BJ's Wholesale Club operates 243 clubs and in 2024 saw over $3.6 billion in profit on $19.9 billion in revenue
  • BJ"s rent equates to $48K/Acre or $6.28/SF and the asset is priced below replacement cost
  • St. John's County was the fastest growing County in FL in 2022 and is experiencing 7% annual population growth
  • Absolute Net Ground lease with 5% rent increases provides passive ownership and hedge against inflation

Executive Summary

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this new 20 Year BJ's Wholesale ground lease in St. Johns, FL. BJ's is scheduled to open December 2024.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
103,500 SF
Building Class
B
Year Built
2024
Price
$30,346,877 CAD
Price Per SF
$293 CAD
Cap Rate
5.25%
NOI
$1,593,240 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
50.28 AC
Zoning
DRC-21-00017 - Retail Commercial/Community
Frontage
80 ft on Beachwalk Boulevard

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • BJ's Wholesale Club
  • -
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
BJ's Wholesale Club - - - -

Links

1 of 1

Nearby Major Retailers

BJ's Wholesale Club
Publix
Fifth Third Bank
Starbucks
BurgerFi

PROPERTY TAXES

Parcel Number 023700-0167 Improvements Assessment $0 CAD
Land Assessment $16,427,604 CAD Total Assessment $16,427,604 CAD

PROPERTY TAXES

Parcel Number
023700-0167
Land Assessment
$16,427,604 CAD
Improvements Assessment
$0 CAD
Total Assessment
$16,427,604 CAD
(561) 427-6699 x1027

Contact

  • Listing ID: 34097923

  • Date on Market: 2024-12-05

  • Last Updated:

  • Address: 124 Beachwalk Boulevard, Saint Johns, FL 32259

The Retail Property at 124 Beachwalk Boulevard, Saint Johns, FL 32259 is currently available for sale. Contact Atlantic Capital Partners for more information.

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BJ's Wholesale Club | 20-YR GL | 5.25% CAP | 124 Beachwalk Boulevard
(561) 427-6699 x 1027

BJ's Wholesale Club | 20-YR GL | 5.25% CAP | 124 Beachwalk Boulevard

Patrick Wagor

(561) 427-6699

x1027

(561) 427-6699 x1027

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