BP - Calverton, NY

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in a freestanding single-tenant BP Gas Station located at 4670 NY-25, Calverton, NY (“Property” or “Asset”). BP, a global energy leader and the 5thmost valuable oil and gas company worldwide with $187.4 billion in revenue in 2024, operates this high-performing gas station and convenience store, strategically positioned in a thriving Long Island market.

The Asset operates under a 10-year absolute triple-net (NNN) ground lease with approximately ±8.7 years of term remaining, featuring zero landlord responsibilities. The lease includes 10% rent escalations every five years and 3 x 5-year renewal options, ensuring stable and growing passive income. The lease also features a corporate signature via BP Products North America, Inc., providing corporate credit as its guaranty.

Located within Long Island’s “North Folk”, the Property is situated along Middle County Rd, providing access to over 15,300 VPD and more than over 165,000 people within a 10-mile drive. The Property is positioned in a highly affluent city that earns $158,000 in average household income within a three-mile radius. Adjacent to the Property is the Enterprise Park at Calverton (“EPCAL”), a 500-acre, 1 million SF industrial park that employs over 600 residents in the area.

The Property is also proximate to a dense commercial and residential corridor, Old County Rd. This corridor hosts numerous national tenants, including Walmart Neighborhood Market, The Home Depot, and Nike Factory Store – which are ranked in the 99th, 81st, and 73rd percentile of their respective brand’s locations nationally by annual visits, per Placer.ai. The Tanger Outlets, the third highest performing outlet center in NY with over 3.3M annual visitors, is also located just 7 miles from the Property. Finally, the Property is 3 miles from Splish Splash, a 96-acre water park ranked in the 96th percentile of attractions in the nation, per Placer.ai.

This rare opportunity allows investors the ability to acquire over 8 years of secure, passive cash flow from an industry-leading tenant in a fundamentally strong and affluent Long Island submarket.