BJ’s Wholesale Club
BJ’S WHOLESALE CLUB (NYSE: BJ) | 221 LOCATIONS NATIONWIDE | 5.5+ MILLION MEMBERS | (S&P: BB) CREDIT RATING | CORPORATE LEASE
BJ’s Wholesale Club (NYSE: BJ), an essential retailer, is a membership-only warehouse club chain which operates on the US East Coast as well as Michigan and Ohio. The chain is ranked 221st on the Fortune 500 list, and recently reported $3.78 Billion in Net Sales for the thirteen-week period ending May 1, 2021. BJ’s Wholesale Club operates 221 clubs / 151 gas stations and has grown their membership base to over 5.5+ million individuals. The retailer received two credit rating improvements during the pandemic and currently carries a ‘BB’ rating from S&P.
31 YEAR OPERATING HISTORY AT SUBJECT PROPERTY | 4.1 YEARS REMAINING | 4 (5-YEAR) OPTIONS WITH RENTAL INCREASES | MINIMAL LANDLORD RESPONSIBILITIES
BJ’s Wholesale Club has operated at this location since 1990 demonstrating a deep commitment to the site. Currently, there are approximately 4.1 years of firm term and four (4) 5-year options remaining with fixed rental increases at the start of each option. The double-net (NN) lease structure requires minimal landlord responsibilities, which are limited to roof and structure.
STRATEGICALLY LOCATED NEAR THE HWY 15 & HWY 581 INTERCHANGE | ADJACENT TO CAPITAL CITY MALL
The subject property is strategically positioned less than 1 mile from the highway interchange between Highways 15 and 581 (111,114 VPD @ the Interchange) providing convenient access for BJ’s members. The subject property features one (1) point of ingress/egress located on Hartzdale Drive. The sub-street connects the subject property with the nearby Capital City Mall. Located less than a quarter mile from the subject property, Capital City Mall is a 620,000+ SF Regional Mall that features name brands such as DSW, Field & Stream, Forever 21, Dave & Busters, Dick’s Sporting Goods, JC Penney, Macy’s & PA Fine Wine & Good Spirits.
CARLISLE-HARRISBURG MSA LOCATION | DIVERSIFIED EMPLOYMENT BASE | STRONG DEMOGRAPHICS
Camp Hill is part of the Carlisle-Harrisburg MSA which is home to more than 580,000 residents making it the 4th largest MSA in Pennsylvania. Major industries in the city include government, education, heavy manufacturing, agriculture, and food services. Harrisburg/Camp Hill was ranked one of the most recession proof MSAs due to its high concentration of state and federal government agencies. The trade area is home to a population of 157,197 with average household incomes of $89,152 within 5 miles of the subject property.
You must be a registered user in order to download the Offering memorandum for this property.
The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.