Commerce

BJ's Wholesale Club - Bowie, MD

16520 Ballpark Rd Bowie, Maryland Etats-Unis 20716-3684
Prix attendu
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Taux de capitalisation
Prix attendu
Revenu net Revenu net
Taux de capitalisation

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Caractéristiques

Année de construction 2002
Surface
Taille du terrain ()

Description de la propriété

JLL is pleased to exclusively offer the opportunity to acquire a single tenant property corporately leased to BJ’s Wholesale Club (the “Property”) in Bowie, MD. The BJ’s Wholesale Club offering is inclusive of a BJ’s Gas Station and has a NNN lease structure with zero landlord responsibilities, ideal for the passive investor. The offering includes an assumable loan with attractive debt, relieving buyers from the worry of seeking financing during the pandemic. With 1.5 years remaining on their original 20-year lease, BJ’s Wholesale Club recently exercised three (3) consecutive five-year options to extend the term an additional fifteen (15) years, demonstrating commitment to this location. BJ’s Wholesale Club currently has 16.5 years remaining on their Lease. BJ’s Wholesale Club (NYSE: BJ), an essential retailer, is a membership-only warehouse club chain which operates on the U.S. East Coast as well as Michigan and Ohio. Year-over-year, the pandemic-proof grocery warehouse club has seen total revenues increase by 16% and membership fees increase by 11%.


BJ’s Wholesale Club is located off of Robert Crain Highway (US-301), a major thoroughfare in the area and home to 61,550 vehicles per day. Additionally it is located within in close proximity to nationally recognized retailers such as Lowe’s, The Home Depot, Walmart, Target, Giant, Kohl’s, Big Lots, Chick-fil-A, AutoZone, Valvoline, Wendy’s, Applebee’s and Bob Evans, helping drive more consumers to the area. This BJ’s Wholesale Club is strategically located twenty (20) miles south of Baltimore, twelve (12) miles northeast of Washington, D.C., and fifteen (15) miles west of Annapolis, with limited local competition. The nearest BJ’s is over 9 miles away, the closest Costco is just under 10 miles away, while the nearest Sam’s Club is over 22 miles away. 


During the height of the pandemic, BJ’s Wholesale Club had a very strong third quarter of fiscal 2020, with adjusted EBITDA increasing 57% year-over-year, operating income increasing 88% year-over-year, and digitally enabled sales growth increasing approximately 200% for the third quarter of 2020. BJ’s Wholesale Club, in June of 2020, had their credit rating upgraded to ‘Ba2’ (Moody’s) and ‘BB-‘(S&P) exemplifying the retailer’s positive outlook moving forward. 


Informations clés concernant l'investissement

  • BJ’s Wholesale Club (NYSE: BJ), an essential retailer, is a membership-only warehouse club chain which operates on the U.S. East Coast as well as Michigan and Ohio. Year-over-year, the pandemic-proof grocery warehouse club has seen total revenues increase by 16% and membership fees increase by 11%. 
  • The BJ’s Wholesale Club offering is inclusive of a BJ’s Tire Center and BJ’s Gas Station and has a NNN lease structure with zero landlord responsibilities, ideal for the passive investor. BJ’s Wholesale Club recently exercised three (3) consecutive five-year options to extend the term an additional fifteen (15) years, demonstrating commitment to this location.
  • During the height of the pandemic, BJ’s Wholesale Club had a very strong third quarter of fiscal 2020, with adjusted EBITDA increasing 57% year-over-year, operating income increasing 88% year-over-year, and digitally enabled sales growth increasing approximately 200% for the third quarter of 2020. 
  • BJ’s Wholesale Club, in June of 2020, had their credit rating upgraded to ‘Ba2’ (Moody’s) and ‘BB-‘(S&P) exemplifying the retailer’s positive outlook moving forward. 
  • BJ’s Wholesale Club is located off of Robert Crain Highway (US-301), a major thoroughfare in the area and home to 61,550 vehicles per day. Additionally it is located within in close proximity to nationally recognized retailers such as Lowe’s, The Home Depot, Walmart, Target, Giant, Kohl’s, Big Lots, Chick-fil-A, AutoZone, Valvoline, Wendy’s, Applebee’s and Bob Evans, helping drive more consumers to the area. 
  • The number of households within a 5-mile radius of the Property has grown over 5% since 2010, with the affluent population earning an average income of $155,437 annually.


Last Updated Date: 04 Dec 2020
Marc Mandel
Managing Director, Capital Markets
Jordan Lex
Jordan Lex
Senior Director, Capital Markets
Détenteur d'une licence en
DC-SP98373803 MD-647016 VA-0225189318

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DÉCLARATION DE CONFIDENTIALITÉ 

Jones Lang LaSalle (JLL), ainsi que ses différentes filiales et entités, est une société internationale leader du conseil en immobilier d'entreprise. Nous prenons la responsabilité de protéger avec la plus grande rigueur les informations personnelles qui nous sont confiées. 

En règle générale, les informations que nous recueillons sur vous nous permettent de traiter ou de répondre à votre demande. 

Nous nous engageons à conserver les informations personnelles qui nous sont confiées, avec le niveau de sécurité approprié, et aussi longtemps que nous le jugerons nécessaire pour toute raison professionnelle ou légale. Nous supprimerons ensuite vos données de manière sûre et sécurisée. À tout moment, vous avez la possibilité d’affiner vos préférences en termes de communication et de vous désabonner. 

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Last Updated Date: 04 Dec 2020

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