For Sale
$4,568,000

4701 Sunrise BlvdPlantation, FL 33313

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a freestanding Shell gas station and convenience store located at 4701 W Sunrise Blvd, Plantation, FL 33313 in Broward County. The property boasts a 2,026 square foot building on a 0.94-acre lot, built in 1965 and renovated in 2020. Currently operating under a 21-year absolute NNN lease with a prominent franchisee, the lease commenced November 22, 2019, and has 16 years remaining, expiring November 30, 2040. The lease includes two 10-year renewal options and features a 2.00% annual rent increase. The property generates a substantial net operating income (NOI) of $285,471, resulting in a compelling 6.25% cap rate. The asking price is $4,568,000, translating to $2,254.69 per square foot. The site includes 8 gas pumps and benefits from a high-traffic location with over 70,000 vehicles passing daily. The surrounding area demonstrates strong demographics, with over 191,000 people residing within a 3-mile radius and over 460,000 within 5 miles, boasting an average household income exceeding $60,000 within 3 miles. This is a rare opportunity to acquire a well-established, high-performing asset in a prime location with significant long-term growth potential. The property is 100% occupied.

Highlights

  • $4,568,000 asking price for a Shell-branded convenience store and gas station.
  • Absolute NNN lease with 16 years remaining on a 21-year term, plus two 10-year options.
  • 6.25% cap rate with a $285,471 annual NOI.
  • 2,026 square feet on a 0.94-acre lot in Plantation, FL.
  • 2% annual rent increases.

Property Details for 4701 Sunrise Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
2,026 SF
Year Built/Renovated
1965/2020
Lot Size (sq. ft)
40,946 SF

Location Insight

City
Plantation
County
Broward
State
Florida
Latitude
26.1361162
Longitude
-80.2131568
4701 Sunrise Blvd, Plantation, Florida

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4701 Sunrise Blvd
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