For Sale
$11,400,000

7450 Boynton Beach Blvd Boynton Beach, FL 33437

High-return, long-term NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
136
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

FAQs

What type of property is this?
Retail property - High-return, long-term NNN lease.
Where is the retail property located?
The property is located at 7450 Boynton Beach Blvd Boynton Beach, FL.
What is the asking price?
The asking price for this property is $11,400,000.
What are key features of this property?
This property features: $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.
How can I contact the broker?
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7450 Boynton Beach Blvd
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