6952 Okeechobee BlvdWest Palm Beach, FL 33411

Property Details for 6952 Okeechobee Blvd

Lot size

1.00 AC

Property size (Sq ft)

4,325 SF

Property type

Commercial real estate

Description

This exceptional West Palm Beach convenience store presents a lucrative investment opportunity. Boasting a prime location at 6952 Okeechobee Blvd, this 4,325 square foot, fee-simple property sits on one acre and offers significant growth potential. The business, operating at 100% occupancy, generates a substantial Net Operating Income (NOI) of $970,000, resulting in an attractive 17.40% cap rate. The property includes a full kitchen, recently added U-Haul and food truck services, and is approved for Amazon fueling and EBT transactions (approved 4/3/2024). Significant recent improvements include new high-speed diesel pumps (added December 2023), leading to a remarkable 150% increase in regular gas sales and an 180% surge in inside store sales within the past year. This location is unique in the area for its high-speed diesel pumps, catering to truck fueling needs. A 9-year fuel supply agreement remains at Rack +1, ensuring long-term stability. The property's annual fuel sales averaged 2,000,000 gallons prior to recent upgrades. This is an owner-user investment opportunity ideal for experienced operators with proof of funds seeking substantial returns and continued growth. Serious inquiries only.

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7075

Longitude

-80.1568

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