December 9, 2022 – Kyle Danielson and Jason Woods of Horvath & Tremblay have successfully completed the sale of a BJ’s Wholesale Club in Gainesville, Virginia. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $20,500,000.
BJ’s Wholesale Club is located at 5100 Wellington Road in Gainesville, Virginia. The Property was a build-to-suit for BJ’s Wholesale Club and is improved with a 76,267 square foot building and an on-site gas station on 11.6-acres of land with outstanding visibility and frontage. BJ’s Wholesale Club has been at this location since 2012 and has 9+ years remaining on their lease with four, 5-year renewal options. The tenant’s rent includes attractive rent increases every five years throughout the primary term and renewal options. The Property is strategically located along Wellington Road in the heart of a dominant commercial trade area that is home to numerous national retailers (Target, Giant Food, Lowe’s, Cabela’s, and Best Buy) and restaurants (Chick-fil-A, McDonald’s, Burger King, Taco Bell, Panera, and Chipotle) that drive significant traffic to the area. The Property is also just seconds from VA Routes 619 and 55, US Highway 29, and Interstate 66.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.