Listed by Newmark | Orange County - Irvine
$42,846,000
Portfolio | BJ's Wholesale Club & Two (2) Schnucks
Details
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 263,846
Net Rentable (SqFt) 263,846
Cap Rate 6.85%
NOI $2,936,589
Occupancy 100%
Tenancy Single
Brand/Tenant BJ'S Wholesale Club, Schnucks
Lease Type NNN
Rent Bumps Yes
Lease Options See OM
Price per SqFt $162
Buildings 3
Acreage 23.370
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Sale Condition For sale by owner
BJ's Wholesale Club (S&P: BB+) + Two (2) Schnucks
Marketing description
This portfolio presents a rare opportunity to acquire three high-quality, net-leased retail grocery properties anchored by BJ's Wholesale Club (S&P: BB+) and Schnucks Fresh Foods.
Investment highlights
Fortress Credit BJ’s Wholesale Club (NYSE: BJ / S&P: BB+) | $21.46 B in 2025 Revenue
- BJ’s Wholesale Club is a leading membership-only warehouse club operator on the East Coast with 280 clubs in 22 states
- Founded in 1984, BJ’s Wholesale Club has a 40+ year operational history and today has over 8+ million members (90% renewal rate)
Dominant Midwest Grocer | Schnucks Markets, Inc. (115 Stores in 5 States)
- Schnucks is a family-owned, privately held grocery chain generating approximately $3.2-3.6 B in annual sales from 115 stores in MO, IL, IN, WI, and IA
- Founded in 1939, Schnucks has an 80+ year operational history and today has grown to the 189th largest private company according to Forbes
- In 2025, Schnucks became part of the 1939 Group, strengthening Schnucks’s operational scale and long-term growth potential
Recent Lease Renewals/Extensions
- BJ’s Wholesale Club recently renewed for an additional 5 years through December 2031
- Schnucks - Normal, IL: Tenant extended for an additional 10 years through March 2036
Fixed Rental Increases | Hedge Against Inflation
- BJ’s: 5% increases in each renewal options
- Schnucks - Peoria, IL: 3% every 5 years
- Schnucks - Normal, IL: $0.50 psf every 5 years
Dense & Affluent Demographics
- BJ’s: 85,464 people with an average household income of $70,543 live within a 3 mile radius
- Schnucks - Peoria, IL: 71,009 people with an average household income of $81,420 live within a 3 mile radius
- Schnucks - Normal, IL: 53,811 people with an average household income of $88,833 live within a 3 mile radius
Strong Retail Corridors
- BJ’s: Sits directly on NY-390 (101,906 VPD), 4.3 miles from downtown Rochester, NY, and 1.4 miles from the Mall at Greece Ridge Center
- Schnucks - Peoria, IL: Situated at the intersection of W Glen Ave & N University St (43,284 VPD), 0.8 miles from the primary retail corridor at the I-74 & IL-150 interchange
- Schnucks - Normal, IL: Direct on/off ramp access via I-55 (30,508 VPD), with immediate proximity to the I-39/I-55 interchange. 1.25 miles to Illinois State University (21,994 students), and 4 miles to downtown Bloomington.
Listing Contacts
Listed by Newmark | Orange County - Irvine
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$2,936,589.00
$244,715.75/mo
Valuation Metrics
0
DSCR
6.85%
Cap Rate
6.85%
ROI
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Zoning
RP PlannedPlanned Residential
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View all 7 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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