1419 Hershberger Rd
Roanoke, VA 24012
Retail Property For Sale

STRONG TENANT: Headquartered in Westborough, Massachusetts, BJ’s Wholesale Club, Inc. (NYSE: BJ; S&P: B+) is a leading membership-only warehouse club chain operating primarily in the Eastern United States with $12.5 billion in sales during fiscal 2018. The company currently operates 217 clubs in 16 states from Maine to Florida and employs more than 26,000 people. In June of 2018, BJ’s returned to the public markets with its initial public offering of 37.5 million shares. BJ’s Wholesale Club, Inc. reported total revenues of $13.0 billion for FYE February 2, 2019. ONLY BJ’S IN ROANOKE: Situated on the former site of Roanoke’s first indoor mall, this location is the first BJ’s Wholesale Club to operate in Roanoke, Virginia. Zoning and site options virtually exclude Costco from entering the market. BRAND NEW 20-YEAR LEASE: BJ’s 20-year lease commenced in November 2018 and features $0.25 per square foot increases every 5 years during the initial term and 5% increases in each of its four 5-year renewal options. While the Landlord is responsible for the roof and structure during the first 10 years, the lease becomes NNN for the remainder. EXCELLENT ACCESS & VISIBILITY: The property is ideally located with excellent access and visibility along Hershberger Road NW (Traffic Count: 33,000 VPD), where it is less than 1 mile from the on-ramp to Interstate 581 (Traffic Count: 78,000 VPD).