124 Beachwalk Boulevard - Supermarket FOR SALE
Saint Johns, FL 32259 |
$20,952,000 USD
561-427-6699
124 Beachwalk Boulevard
Saint Johns, FL 32259
HIGHLIGHTS
- 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
FOR SALE DETAILS
PRICE
$20,952,000 USD
PRICE/SF
$202 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
BJ's Wholesale Club | 20-YR GL | 5.25% CAP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
ADD'L SUBTYPES
Auto Repair, Service Station, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
50.28 AC
LAND SF
2,190,197 SF
ZONING
DRC-21-00017
APN/PARCEL ID
023700-0167
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561-427-6699
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561-427-6699
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