For Sale
$6,585,366

301 Hillsboro BlvdDeerfield Beach, FL 33441

High-return Miami MSA gas station.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a single-tenant, net-leased Shell gas station and car wash in Deerfield Beach, Florida, within the Miami MSA. The property boasts a strong 6.15% cap rate and a substantial $405,000 NOI. Situated on a 0.94-acre lot at a signalized intersection on West Hillsboro Boulevard (59,500 vehicles per day) and near I-95 (227,000 vehicles per day), this 3,303 square foot station benefits from high visibility and traffic volume. The absolute NNN lease, commenced February 27, 2023, and extends to February 26, 2043, with four 5-year renewal options and 10% rent bumps every five years. Built in 1988, the property includes eight fuel dispensers and a car wash. The location is surrounded by strong national retailers, including The Home Depot, McDonald's, Dunkin', and a DoubleTree by Hilton, serving a dense population of over 264,000 within a five-mile radius, with an average household income exceeding $116,914. The asking price is $6,585,366. Bonus depreciation is eligible

Highlights

  • Bonus depreciation eligibility.
  • Located in the Miami MSA, a top-9 US population area.
  • Situated in Broward County, Florida.
  • Located in a state with no income tax.
  • 18+ years remaining on the primary lease term.
  • 10% rent increases every five years.

Property Details for 301 Hillsboro Blvd

Property type
Retail properties, Gas stations
Square Feet
3,303 SF
Year Built
1988
Lot Size (sq. ft)
40,946 SF

Location Insight

City
Deerfield Beach
County
Broward
State
Florida
Latitude
26.3189079
Longitude
-80.1083264
301 Hillsboro Blvd, Deerfield Beach, Florida

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301 Hillsboro Blvd
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