June 27, 2025 – Hobart Hare, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of BJ’s Wholesale Club in Southern Pines, North Carolina. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $27,500,000.
BJ’s Wholesale Club is located at 205 Southern Road in Southern Pines, North Carolina. BJ’s Wholesale Club occupies a 99,804 square-foot new construction building on a 12.92-acre parcel of land. BJ’s Wholesale Club has 19+ years remaining on their corporate guaranteed NNN Lease with six (6), 5-year renewal options. The lease calls for 3% increases every five years throughout the primary lease term and at the start of each renewal option. BJ’s Wholesale Club is strategically located within Morganton Park South, a 370,000 SF upscale shopping center featuring refined architecture and vibrant landscaping. Morganton Park South will also include a residential component with 269 high-end apartments, and 214 more planned, providing a captive and built-in customer base. The Property is also convenient to US Routes 501 and 1, two of the areas primary commercial and commuter corridors and is surrounded by national retailers including Target, Walmart, Lowe’s, Starbucks, and Chick-fil-A, all of which drive traffic to the area.
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.