5 Secor Lane, Pelham, NY 10803, USA

Pelham Manor, New York

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Asking Price

$6,300,000

NOI

$315,000

Absolute NNN ground lease under which BJ’s pays taxes directly and maintains the entire premises, granting the owner management-free income
~6.7 years remaining on the initial term with four, 5-year options to renew remaining
Rent increases of 5% every 5 years, hedging against inflation. First option period is a 10.3% rental increase from initial term before continuing at 5% every 5 years, providing additional rent growth
BJ’s Wholesale Club, Inc. signs directly, not through a single site subsidiary, so the operating company behind all 267 clubs ensures the income stream
Parent BJ’s Wholesale Club Holdings holds a first-time investment grade rating of BBB from Fitch
Placer.ai ranks this location in the top 1% of all gas stations nationwide by visits, evidence the store runs well above the chain average
Outparcel of the #1 ranked BJ’s Wholesale Club in the nation by visits per Placer.ai, providing a significant, recurring consumer base
423,092 residents live within 3 miles, a density that keeps the fuel site busy independent of highway traffic