2801 Pembroke Rd Hollywood, FL 33020

This exceptional investment opportunity presents a freestanding Shell gas station and convenience store located at 2801 Pembroke Rd, Hollywood, FL 33020, in Broward County. The property, built in 1969 and renovated in 2020, boasts 1,958 square feet on a 0.56-acre lot. Currently operating under a 21-year absolute NNN lease (commencing November 22, 2019, and expiring November 30, 2040), with 16 years remaining, this property offers significant long-term stability. The lease includes annual rent bumps of 2.00% and two 10-year renewal options. The property generates a strong net operating income (NOI) of $207,744, resulting in a 6.25% cap rate. The asking price is $3,324,000, translating to $1,697.65 per square foot. The property features eight gas pumps and enjoys 100% occupancy. This is a single-tenant property with a Shell franchisee tenant, and the lease is considered an absolute NNN lease. The property benefits from a prime location with high traffic counts and a strong demographic profile, including a population exceeding 204,000 within a 3-mile radius and over 450,000 within 5 miles, with average household incomes exceeding $75,000 within 3 miles. This is a leased fee simple ownership opportunity.