INVESTMENT OPPORTUNITY
SAB Capital is pleased to present BP Gas Station in Uniondale, NY, located about 21 miles east of Midtown Manhattan. The tenant is signed to a long term, triple net (NNN) lease with over 8 1/2 years remaining in the lease term. The lease also provides a strong hedge against inflation with 2% annual rent escalations. The property is located on Long Island with over 500,000 residents in 5 miles and an average household income of $138,338.
- BP Gas Station in Uniondale, NY | 21 Miles East of Midtown Manhattan
- Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
- Core Long Island Demographics | Over 540,000 Residents in 5 Miles with Over $138,000 AHHI
- Strong Hedge Against Inflation | 2% Annual Increases Starting in 2024
- Signalized Corner Location | Chester Street & Front Street Intersection Sees Over 10,160 Vehicles Per Day
- Significant Lease Term Remaining | Over 8 Years Left in Base Term
- Under 1 Mile from Hofstra University | Over 10,000 Students
- National Retailers Located Nearby | McDonald’s, Citi Bank, 7-Eleven, and Many More
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
BP Gas Station | $2,725,000 | 5.25% | NNN | 1,651 | Available |