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Virtual Drive-By

BJ'S Wholesale Club Absolute NNN

3499 W Norvell Bryant Hwy · Lecanto, FL 34461 · Convenience / Fuel

Asking price
$25,914,000
Cap rate
5.25%
NOI
$1,360,472

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We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining20.0 yrs
Expiration—
Rent bumps5% Every 5 Years
Options5 X 5 Years
Ground leaseNo
Credit profileCredit Rated + Corporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF106,370
Price / SF$244
Year built2026
Lot size11.57 ac
TypeGas Station, Grocery Store, Warehouse Club
Days on market6

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

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

Property overview

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.​

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.