Tenant: BJ’s Wholesale Club Premises: 87,788 SF Renewal Options: 4 x 5 Years
Lease Expiration: 6/30/2037 Lease Type: NNN Rental Increases: 5% in 2027 & At Options
New 19+ Year Single Tenant, Build-to-Suit, Triple Net (NNN) Lease
Four (4), Five (5) Year Renewal Options
5% Rental Increases in 2027 and at Each Option Renewal Period
Brand New Construction – Built in 2017
Outstanding Location Along Interstate 26 and N. Main Street, Summerville’s Primary Retail Corridor
Corporate Guarantee From BJ’s Wholesale Club – 200+ Locations on East Coast
BJ’s Total Revenues in Excess of $12 Billion as of FY 2015
Companies Including Volvo, Boeing, Benefitfocus, Daimler and Peoplematter Have Added Thousands of Jobs to the Region, Contributing to the Metro’s Dramatic Population Increase Over the Past Few Years
Nearby Tenants Include: Quality Inn, Comfort Inn, Comfort Suites, Dunkin’ Donuts, Target, Walmart, Panera Bread, Starbucks, The UPS Store, Lowe’s, JoAnn Fabrics, Staples, Home Depot, Dick’s Sporting Goods and Ulta
Headquartered in Westborough, Massachusetts, BJ's is the leading operator of membership warehouse clubs in the Eastern United States. The company currently operates 215 clubs and 133 BJ's Gas® locations in 16 states.
BJ's provides a one-stop shopping destination filled with top-quality, leading brands, including its exclusive Wellsley Farms® and Berkley Jensen® brands, along with USDA Choice meats, premium produce and delicious organics, many in supermarket sizes. BJ's is also the only major membership warehouse club to accept all manufacturers' coupons and, for greater convenience, offers the most payment options.
BJ's is wholly owned by affiliates of Leonard Green & Partners, CVC Capital Partners and its management team.