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Views: 46 DOM: 35 Updated: 06.25.24 Posted: 06.07.24 Status: Active

Summary

Price $2,869,000
Built/Renov 1995
Tenant BJ's Wholesale Club (GL)
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 68,160
Lease Start 01-01-1995
#Units 243
Price/SF $42.09
Expiration 01-31-2031
Tenant Type Big Box Retail
NOI $229,540
R. Term 6.6
Ownership Ground Lease
Rent/SF $3.37
Increases 10.0%/2/yrs
Pop 5Mi 13,891
Lot/AC 8.87
Options 2/5yrs/10%
AHHI 5Mi $66,784

Lease Highlights

  • BJ's Wholesale Club has been operating in this location since 1995
  • The tenant has 6+ years remaining on the current ground lease term with 2 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

BJ's Wholesale Club is located along State Highway 37, with access to 10,400 vehicles passing by daily. The property serves as an outparcel to St. Lawrence Center, an industrial/warehouse complex anchored by USPS, U-Haul, Ollie’s Bargain Outlet, McDonald’s, Taco Bell, and more. Additionally, it is situated within a dense retail corridor near Massena International Airport, surrounded by...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

BJ's Wholesale Club Holdings, Inc., commonly referred to as BJ's, is an American membership-only warehouse chain offering bulk groceries, electronics & more in a warehouse-like space. The...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 695 8,283 13,371
2023 Total Population : 716 8,477 13,655
2023 Employed Civilian Pop : 369 3,325 5,274
2023 Total Businesses : 34 296 475
2023 Average Household Income : $ 77,726 $ 59,769 $ 66,241
2023 Total Consumer Spending : $ 18 M $ 191 M $ 344 M
2023 Median Age : 54 43 44
2023 Total Households : 272 3,633 5,896
2023 Pop Age 25+: Bachelor's Degree : 19 592 1,253
2023 Average Home Value : $ 256,627 $ 122,157 $ 147,349
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Smith Rd Old Orchard Rd 2006 12,060 0.27 mi
Meadowview Ln 2021 162 0.64 mi
NY 37 Leslie Rd 2021 6,978 0.75 mi
NY-131 Hwy 37 2021 2,260 0.93 mi
CR 42 Massena Center Rd 2021 2,494 1.05 mi
NY 37 State Rte 37 2021 8,123 1.08 mi
CR 42 Donahue Rd 2021 506 1.32 mi
Hanger Rd 2021 2,464 1.56 mi
State Hwy 37 Alcoa Rd 2006 7,690 1.61 mi
NY-37 2018 8,329 1.64 mi

Listing Broker

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