Building Details

Tenancy Single

Listing Agency: RIPCO Real Estate | Tampa Show Phone

Listed By: Ari Ravi · License #SL-3210827 Show Phone

Source: Moodyscre

Added: Oct 12 Changed: Oct 13 Last Checked: Oct 13 at 2:41AM

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Investment Insights

Based on property information with market context.

The gas station at 825 Pelham Pkwy in Pelham Manor is subject to an absolute NNN ground lease. BJ’s Wholesale Club, Inc. is the named tenant, with approximately 6.7 years left in the initial term and four five-year renewal options. The tenant pays property taxes directly and handles maintenance across the premises.

Lease increases are scheduled at 5% every five years. The first renewal option calls for a 10.3% increase from the initial-term rent, followed by the stated five-year adjustment schedule. The property is an outparcel to the BJ’s Wholesale Club location ranked first nationally for visits in the cited Placer.ai data. That source also places the gas station in the top 1% nationwide by visits and reports 423,092 residents within three miles.

Key Highlights

• Absolute NNN ground lease; tenant pays taxes and maintains the premises
• BJ’s Wholesale Club, Inc. is the direct lease signatory
• Approximately 6.7 years remain in the initial term, plus four 5‑year renewal options

Property Analytics

Current Use

BJ's Wholesale Club Big Box & Wholesale Store BJ's Optical Ophthalmologist AT&T Store Mobile Phone Store BJ's Gas Station Gas Station BJ's Bakery

Suggested Use

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

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

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,219

Businesses Nearby

483k

Monthly Visits Nearby

Explore this area Business Placement

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

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

Questions? Ask Rey

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What type of property is this? Where is this gas stations located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Gas station - BJ’s Wholesale Club, Inc. is the direct tenant under an absolute NNN ground lease.

Where is this gas station located?

The property is located at 825 Pelham Pkwy 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: Absolute NNN ground lease; tenant pays taxes and maintains the premises; BJ’s Wholesale Club, Inc. is the direct lease signatory; Approximately 6.7 years remain in the initial term, plus four 5‑year renewal options