Property Summary


  • Corporate Guaranty by BJ’s Wholesale Club, Inc.
  • Absolute Net Lease
  • Below Market Rent
  • Strong Increase in Extension Rents
  • Long-Term Occupancy
  • Dense Demographics
  • Prime, Central Location
  • Status CLOSED
  • Area 119,600 Square Footage
  • Location Rochester, NY
  • Type Shopping Center
  • Strategy Core Credit-Rated


Sentinel Net Lease, LLC (“Sentinel”) acquired the 119,600 square foot BJ’s Wholesale Club (“BJ’s”) located in Rochester, NY. The property is 100% occupied by BJ’s Wholesale Club., one of the largest warehouse club chains in the United States and a credit-rated tenant (NYSE: BJ).

Key Metrics

  • Purchase Price: $16,370,000
  • Net Rentable SF: 119,600
  • 7.49% Capitalization Rate based on Year-1 NOI
  • Estimated 2.2x Equity Multiple
  • Target 17.6% net IRR to investors
  • Lease Expiration: December 30, 2026. Four 5-year extension options
  • “NNN” Lease



300 Bellwood Drive, Rochester, NY 14606