301 Hillsboro BlvdDeerfield Beach, FL 33441
- Retail properties
- 1,120 SF
Property Details for 301 Hillsboro Blvd
- Year built
- 1988
- Construction
- CONCRETE
- Lot size
- 0.94 AC
- Property size (Sq ft)
- 1,120 SF
- Zone code
- B-2
- Property type
- Retail properties
- Property subtype
- Gas stations
- APN
- 48-42-01-22-0010
- APU
- 484201220010
Description
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
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $506,856
- 6.5%
- $467,867
- 7%
- $434,448
-
Comparable approach
- Method
- Valuation
- Relative Method
- $545,316
- Geo Method
- $545,316
-
Alternative Use
- Use
- Valuation
- Residential
- $394,663
- Hospitality
- $361,509
- Educational
- $300,771
- Medical
- $311,115
- Retail
- $467,867
Location Insight
- City
- Deerfield Beach
- County
- Broward
- State
- Florida
- Latitude
- 26.319
- Longitude
- -80.1083
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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