4524 Forest Hill BlvdWest Palm Beach, FL 33415

This exceptional investment opportunity presents a freestanding Shell gas station and convenience store located at 4524 Forest Hill Blvd, West Palm Beach, FL 33415. The property boasts a 743 square foot building situated on a 0.5-acre lot, featuring eight gas pumps. Built in 1989 and renovated in 2020, this property benefits from a strong location with high traffic counts (data not provided in source). The property is currently operating at 100% occupancy under a 21-year absolute NNN lease with a franchisee tenant, commencing November 22, 2019, and expiring November 30, 2040. This leaves a substantial 16-year remaining lease term, providing significant long-term stability. The lease includes two 10-year renewal options and features a 2.00% annual rent increase. The current asking price is $3,658,000, representing a compelling $4,923.28 per square foot and a 6.00% cap rate based on a Net Operating Income (NOI) of $219,491. The property's location within Palm Beach County offers access to a substantial population base (data not provided in source) and strong average household incomes (data not provided in source). This is a rare opportunity to acquire a well-established, high-performing asset in a tax-advantaged location. The property is offered as a leased fee simple.