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    <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2Fa2756b67-848e-46eb-be8f-7d5dd4ecea4c%2F590fb75e-0a0a-4eac-81ab-c59f066ac84e" onerror="this.style.display='none'" alt="BJ&#39;s Wholesale Club Image" style="object-fit: cover; width: 200px;" />
    <p style="margin-top: 0.5rem; text-transform: uppercase; font-size: 10px; letter-spacing: 0.025em;"> Retail </p>
    <p style="margin-top: 0.05rem; color: #0D1321; text-align: left; font-weight: 400; font-family: Cormorant Garamond, serif; font-size: 20px;">
      BJ&#39;s Wholesale Club
    </p>
    <p style="margin-top: 0.25rem; text-transform: uppercase; font-size: 8px; letter-spacing: 0.1em;"> St Johns,  FL </p>
    <p style="margin-top: 0.25rem;">By Atlantic Retail</p>
    <a href="https://platform.reverecre.com/project/a2756b67-848e-46eb-be8f-7d5dd4ecea4c" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
      View Listing
    </a>
  </div>


Atlantic Capital Partners, the investment sales platform of Atlantic Retail, offers institutional quality real estate advisory services that include sale, financing and debt placement, and recapitalization of retail properties throughout the US.

For more than 29 years, our brokers have been earning client confidence through diligent deal-making, savvy market insight, and above-and-beyond service.

Clients rely on our deep market knowledge, solid industry relationships, and deal-making experience to successfully navigate sophisticated transactions. Whether it’s realizing an aggressive regional expansion plan or helping a long-time owner reinvent a complex retail property, our dedicated and resourceful brokers help you move ahead with confidence.

Analyst

New construction BJ's Wholesale Club (NYSE: BJ) in tax-free, high-growth state with scheduled rent increases

BJ"s rent equates to $48K/Acre or $6.28/SF and the asset is priced below replacement cost

20-YR Lease and large capital investment by BJ's Wholesale Club demonstrates long-term commitment to this site

$161,00 AHHI in 5 miles with the second lowest unemployment rate in FL at 1.9%

St. John's County was the fastest growing County in FL in 2022 and is experiencing 7% annual population growth

BJ's Wholesale Club operates 243 clubs and in 2024 saw over $3.6 billion in profit on $19.9 billion in revenue

Absolute Net Ground lease with 5% rent increases provides passive ownership and hedge against inflation

Florida has no state income tax and in 2022 ranked as the fastest growing State in the US

Sales Team

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this new 20 Year BJ's Wholesale ground lease in St. Johns, FL.  BJ's is scheduled to open December 2024.

Patrick joined Atlantic in 2013 as a broker in the West Palm Beach office. Since that time, Patrick has executed growth strategies for national retailers and restaurants and represented developers in their ground up and project leasing efforts. In 2018, Patrick transitioned to Atlantic’s capital markets team, Atlantic Capital Partners, where he specializes in Single and Multi-Tenant Net Lease asset advisory and leads the efforts in Florida.

Prior to joining Atlantic, Patrick gained valuable experience leasing shopping centers in Southeast FL on behalf of Woolbright Development and as an investment sales broker at Marcus & Millichap in their Orlando office.

Born and raised in Florida, Patrick received his undergraduate degree from the University of Central Florida, and a Master’s Degree in Real Estate from the University of Florida.

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