125 Saint Georges Rd
Rahway, NJ 07065
BP Gas/Convenience | Rahway, NJ · Retail Property For Sale

CBRE is pleased to exclusively present for sale this BP Gas/Convenience property situated at the signalized corner of St George Ave and New Brunswick Ave in Rahway NJ, part of the New York City MSA. This is a new NNN ground lease with no landlord responsibilities or expenses. There are over 9 years remaining in the initial 10 year lease, with 10% rental increases every 5 years in the base term of the lease and in each of the five, five year options to renew. This lease has a rare corporate guarantee by BP, an investment grade credit tenant rated A- by Standard & Poor's.The property is located within the highly sought after New York City MSA, situated 25 miles from downtown New York and 5 miles from Staten Island. BP sits on a 0.64 acre parcel with a 1,896 square foot convenience store, and 8 gas pumps at the corner of St George Ave and New Brunswick Ave with over 33,000 vehicles traveling by daily. The property has excellent visibility and three points of access. This is an extremely dense area with over 20,000 people within 1 mile of the subject property, over 139,000 people within 3 miles, and over 354,000 people within 5 miles. The area has also seen population growth over the last 5 years in the 1, 3 and 5 mile rings which is expected to continue through 2021. Surrounding tenants include Home Depot, KMart, KFC, Wendy's, Dollar Tree and Dunkin' Donuts to name a few. The property also sits adjacent to the Northeast Corridor, one of the busiest passenger rail lines in the U.S. by ridership and service frequency. Rahway is a city in southern Union County, New Jersey. Newark Liberty International Airport is 10.2 miles northeast of Rahway, approximately a 20-minute drive by car.