CONSULTATION

BJ’s Wholesale Club​

1899 Cinema Drive | Olean, NY​

BJs Wholesale Club, located at 1899 Cinema Dr, Olean, NY, is a membership-only retail chain offering bulk groceries, electronics & more in a warehouse-like space. This property is a sprawling 68000 square feet and offers an ideal location for a big box store.

Fun Fact: Our tenant BJ wholesale is one of the largest Big box stores in the United States offering prices as much as 25% cheaper than other retail stores. It is publicly-traded company with the ticker symbol NYSE: BJ.

Total Units: 1

Total SQ: 68,000

Occupany Rate: 100%

bjs
Bj

Neighbourhood/Location​

The subject is located in a suburban neighbourhood in the Town of Allegany, just south of Interstate 86 (Route 17). This is part of Cattaraugus County. Located in a rural market, the property benefits from its proximity to West State Street, Interstate 86, and St. Bonaventure University, an employer for the area. In addition, the surrounding retail uses within the Walmart Plaza bode well for the subject’s marketability. We do not anticipate any major changes to the general character of the neighbourhood in the near term. With limited change, we expect the demand for retail to remain stable and predictable.

Property Management

Virtus Asset Management

Market Analysis

Cattaraugus County is situated in western New York State and contains approximately 1,300 square miles. The largest municipality in the county in terms of population, is the City of Olean, with 14,520 residents. Olean is part of Western New York and is influenced by trends within the larger Buffalo region.

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