124 Beachwalk Boulevard | Saint Johns, FL 32259
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124 Beachwalk Boulevard
Saint Johns, FL 32259
BJ's Wholesale Club | 20-YR GL | Low Rent · Retail Property For Sale
Investment Highlights
- New construction BJ's Wholesale Club (NYSE: BJ) in tax-free, high-growth state with scheduled rent increases
- $137,134 AHHI in 3 miles with the second lowest unemployment rate in FL at 1.9%
- BJ's Wholesale Club operates 243 clubs and in 2024 saw over $3.6 billion in profit on $19.9 billion in revenue
- BJ"s rent equates to $48K/Acre or $6.28/SF and the asset is priced below replacement cost
- St. John's County was the fastest growing County in FL in 2022 and is experiencing 7% annual population growth
- Absolute Net Ground lease with 5% rent increases provides passive ownership and hedge against inflation
Property Facts
Property Type
Retail
Property Subtype
Building Size
103,500 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
20.00 AC
Zoning
DRC-21-00017 - Retail Commercial/Community
Frontage
80’ on Beachwalk Boulevard
Property Taxes
| Parcel Number | 023700-0167 | Improvements Assessment | $0 |
| Land Assessment | $3,353,265 | Total Assessment | $3,353,265 |
Property Taxes
Parcel Number
023700-0167
Land Assessment
$3,353,265
Improvements Assessment
$0
Total Assessment
$3,353,265
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