Listed by Atlantic Capital Partners
$25,914,000
BJ's Wholesale Club | 20-YR Absolute Net Lease | Fee Simple
Details
Property Type Retail
Sub Type Gas Station, Grocery Store
Square Footage 106,370
Cap Rate 5.25%
NOI $1,360,472
Occupancy 100%
Tenancy Single
Brand/Tenant Aldi, Home Depot
Lease Type Absolute NNN
Remaining Term 20
Rent Bumps Yes
Lease Options 5 X 5 Years
Class A
Year Built 2026
Buildings 1
Acreage 11.570
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/15/2026
Ground Lease No
Ownership Fee Simple (Landlord Depreciates)
Adjacent to Sprouts Anchored Shopping Center
Marketing description
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this new 20-Year Absolute Net BJ's Wholesale lease in Lecanto, FL. BJ's is scheduled to open in December 2026.
Investment highlights
- RARE OPPORTUNITY - New construction BJ's Wholesale Club (NYSE: BJ) in tax-free, high-growth state with scheduled rent increases
- PASSIVE OWNERSHIP & INFLATION HEDGE - Absolute Net lease with 5% rent increases provides passive ownership and hedge against inflation
- STRATEGIC LOCATION - Located at major regional intersection anchored by leading grocers and retailers Target, Walmart, Sprouts Farmers Market
- $11+ BILLION MARKET CAP - BJ's Wholesale Club operates 267 clubs and in 2025 saw $4 billion in profit on $21 billion in revenue
- INVESTMENT GRADE RATING FROM FITCH - Fitch assigned BJ's an investment grade credit rating of BBB in May of this year with S&P and Moody's expected to follow
- DEPRECIATION - Fee simple ownership allows for depreciation boosting after tax returns
- TOP GROWTH MARKET - 6,300 residential units in development within a 5 mile radius and the recent extension of SR 589 to SR 44 and W. Norvell Bryant Hwy. has connected Lecanto to Tampa and unlocked future growth potential
- POSITIVE DEMOGRAPHIC TRENDS - Florida has no state income tax and continually ranks as the top state in the US for population and capital migration
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,360,472.00
$113,372.67/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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