5 Secor Lane, Pelham Manor, NY 10803
The absolute NNN lease assigns property taxes, insurance and site upkeep to the operator.
Property Features for 5 Secor Lane
General Information
Automotive
Tenancy & Operations
Additional Details
Building Details
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Investment Insights
Based on property information with market context.
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