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Supermarket For Sale • 103,500 SF
| New construction BJ's Wholesale Club (NYSE: BJ) in tax-free, high-growth state with scheduled rent increases |
| BJ"s rent equates to $48K/Acre or $6.28/SF and the asset is priced below replacement cost |
| $137,134 AHHI in 3 miles with the second lowest unemployment rate in FL at 1.9% |
| St. John's County was the fastest growing County in FL in 2022 and is experiencing 7% annual population growth |
| BJ's Wholesale Club operates 243 clubs and in 2024 saw over $3.6 billion in profit on $19.9 billion in revenue |
| Absolute Net Ground lease with 5% rent increases provides passive ownership and hedge against inflation |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| BJ's Wholesale Club |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Jacksonville International | 50 min | - | 37.3 mi |