301 Hillsboro BlvdDeerfield Beach, FL 33441

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

• 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

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