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BJ's Gas Station on Ground Lease

5 Secor Lane, Pelham Manor, NY 10803

For Sale
Contact for pricing

The absolute NNN lease assigns property taxes, insurance and site upkeep to the operator.

Property SizeContact for details
Lot Size0.68 Acres
Days on Market41

Property Features for 5 Secor Lane

General Information

Standard status Active
Lot size 0.68 Acres
Property subtype Retail
Occupancy 100%

Automotive

Automotive Uses fuel station
Fuel Brand BJ's

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes
In-Place Lease Type Absolute NNN
Current Tenants BJ's Wholesale Club, Inc.
Real Estate Included Yes

Additional Details

Traffic Count 16,203 vehicles/day

Building Details

Year Built 2019
Tenancy Single
Listing Agency: Ripco Real Estate
Listed By: Ari Ravi · License #SL- 3210827
Source: Crexi
Added: Sep 30 Changed: Nov 8 Last Checked: Nov 8 at 3:36PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ripco Real Estate

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Investment Insights

Based on property information with market context.

BJ's Gas is a fueling facility on approximately 0.68 acres in Pelham Manor. BJ's built the site and has operated it since 2019 under an absolute NNN ground lease that runs through May 2033, with four five-year renewal options. Rent increases every five years. The operator pays property taxes, carries liability and pollution coverage, and maintains the premises. The landlord's recurring responsibility is a fixed credit tied to the Village license for staging fuel tankers in the Secor Lane right-of-way; the seller will reimburse the buyer at closing for the remaining obligation.

The site is on Pelham Parkway, which carries an AADT of 16,203. Within one mile, the population is 29,435 and average household income is $166,322. Placer.ai ranks the station among the top 1% of U.S. gas stations by visits and identifies the adjacent BJ's Wholesale Club as its top-ranked club nationally by visits. The club is the property's outparcel.

BJ's Wholesale Club, Inc. is the ground lessee and operating company. The company signs leases for its clubs directly, and Fitch assigns its parent company a BBB investment-grade rating.

Key Highlights

  • Approximately 0.68‑acre BJ's Gas facility, built and operated by BJ's since 2019
  • Absolute NNN ground lease runs through May 2033, with four 5‑year renewal options
  • Rent increases every five years; operator covers property taxes, liability and pollution coverage, and site maintenance

Property Analytics

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Current Use

BJ's Gas Gas Station Dorchester Heating Corporation HVAC Service

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16,203 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,219
Businesses Nearby
483k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 35% Shops & Services 29% Dining 20% Home Improvements & Furnishings 7%
BJ's Wholesale Club Superstores
169,077 visits/mo 0.2 miles
PetSmart Shops & Services
47,938 visits/mo 0.2 miles
Dollar Tree Shops & Services
41,484 visits/mo 0.1 miles
HomeGoods Home Improvements & Furnishings
34,977 visits/mo 0.1 miles
Wendy's Dining
30,096 visits/mo 0.2 miles

Demographics for 10803, NY

13,255
Population
4,360
Households
3
Avg Household Size
40
Median Age
74%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
6,025
Density / Sq Mi
$212,288
Median Household Income
$97,447
Median Earnings
$2,242
Median Rent
$961,300
Median Home Value
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Gas station - The absolute NNN lease assigns property taxes, insurance and site upkeep to the operator.
Where is this gas station located?
The property is located at 5 Secor Lane Pelham Manor, NY.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: Approximately 0.68‑acre BJ's Gas facility, built and operated by BJ's since 2019; Absolute NNN ground lease runs through May 2033, with four 5‑year renewal options; Rent increases every five years; operator covers property taxes, liability and pollution coverage, and site maintenance
(813) 921-5640 Call to check price and availability
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