For Sale
$11,400,000

7450 Boynton Beach BlvdBoynton Beach, FL 33437

High-return, long-term NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a thriving, multi-tenant gas station complex located at 7450 Boynton Beach Blvd, Boynton Beach, FL 33437. The property, encompassing 1.41 acres, features two single-story buildings totaling 5,400 square feet, constructed in 1996. Currently boasting 100% occupancy, the property includes six gas pumps and a convenience store. Two tenants are under a Net Lease (NNN) agreement with a lease commencement date of July 1, 2021, and an expiration date of June 30, 2045, representing a substantial remaining lease term of 23 years. The lease includes attractive 3% annual rent bumps, ensuring consistent income growth. The property offers a compelling 5.20% cap rate and is priced at $11,400,000. This sale-leaseback investment provides a secure, high-yield opportunity in a prime Boynton Beach location. The property's strong tenant base and long-term lease structure make it an ideal addition to any diversified investment portfolio. The high-income area ensures continued strong performance. This is a reduced price for a quick sale.

Highlights

  • $11,400,000 asking price for a Net Lease retail investment property.
  • Boynton Beach, FL gas station with two tenants on a sale-leaseback structure.
  • 5,400 square feet on a 1.41-acre lot with 6 gas pumps.
  • NNN lease with 23 years remaining, expiring 6/30/2045, featuring 3% annual rent bumps.
  • 100% occupancy with a 5.20% cap rate.
  • Built in 1996, the property consists of two single-story buildings.

Property Details for 7450 Boynton Beach Blvd

Property type
Retail properties, Gas stations
Square Feet
5,400 SF
Year Built
1996
Buildings
2
Stories
1
Lot Size (sq. ft)
61,420 SF

Location Insight

City
Boynton Beach
County
Palm Beach
State
Florida
Latitude
26.527453867149
Longitude
-80.163948271959
7450 Boynton Beach Blvd, Boynton Beach, Florida

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7450 Boynton Beach Blvd
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