6952 Okeechobee Blvd West Palm Beach, FL 33411
High-Growth Convenience Store, $5.5M
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Fee-simple convenience store on one acre in prime West Palm Beach location (6952 Okeechobee Blvd).
- 4,325 square foot building with a full kitchen, generating $970,000 NOI and a 17.40% cap rate.
- High-speed diesel pumps (added December 2023) increased regular gas sales by 150% and inside store sales by 180% in the past year.
- Recently added amenities include U-Haul, food truck services, Amazon fueling approval, and EBT acceptance (approved 4/3/2024).
- 9-year fuel supply agreement at Rack +1; averaged 2,000,000 gallons of annual fuel sales prior to recent upgrades.
Property Details for 6952 Okeechobee Blvd
- Property type
- Commercial real estate
- Square Feet
- 4,325 SF
- Lot Size (sq. ft)
- 43,560 SF
- Units
- 1
Location Insight
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Latitude
- 26.7074706
- Longitude
- -80.1568285
Nearby Similar for Sale
FAQs
- What type of property is this?
- Commercial real estate - High-Growth Convenience Store, $5.5M
- Where is the commercial real estate located?
- The property is located at 6952 Okeechobee Blvd West Palm Beach, FL.
- What is the asking price?
- The asking price for this property is $5,575,000.
- What are key features of this property?
- This property features: Fee-simple convenience store on one acre in prime West Palm Beach location (6952 Okeechobee Blvd).; 4,325 square foot building with a full kitchen, generating $970,000 NOI and a 17.40% cap rate.; High-speed diesel pumps (added December 2023) increased regular gas sales by 150% and inside store sales by 180% in the past year.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].