4701 Sunrise BlvdPlantation, FL 33313

Property Details for 4701 Sunrise Blvd

Year built

1965

Construction

CONCRETE

Lot size

0.89 AC

Property size (Sq ft)

2,360 SF

Zone code

B-HC

Property type

Gas stations

APN

49-41-36-26-0010

APU

494136260010

Description

This exceptional investment opportunity presents a freestanding Shell gas station and convenience store located at 4701 W Sunrise Blvd, Plantation, FL 33313 in Broward County. The property boasts a 2,026 square foot building on a 0.94-acre lot, built in 1965 and renovated in 2020. Currently operating under a 21-year absolute NNN lease with a prominent franchisee, the lease commenced November 22, 2019, and has 16 years remaining, expiring November 30, 2040. The lease includes two 10-year renewal options and features a 2.00% annual rent increase. The property generates a substantial net operating income (NOI) of $285,471, resulting in a compelling 6.25% cap rate. The asking price is $4,568,000, translating to $2,254.69 per square foot. The site includes 8 gas pumps and benefits from a high-traffic location with over 70,000 vehicles passing daily. The surrounding area demonstrates strong demographics, with over 191,000 people residing within a 3-mile radius and over 460,000 within 5 miles, boasting an average household income exceeding $60,000 within 3 miles. This is a rare opportunity to acquire a well-established, high-performing asset in a prime location with significant long-term growth potential. The property is 100% occupied.

• CAP approach

  CAP return

  Valuation

  6%

  $1,031,405

  6.5%

  $952,066

  7%

  $884,061

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,756,922

  Geo Method

  $1,756,922

• Alternative Use

  Use

  Valuation

  Residential

  $803,103

  Hospitality

  $735,638

  Educational

  $612,042

  Medical

  $633,092

  Retail

  $952,066

Location Insight

City

Plantation

County

Broward

State

Florida

Latitude

26.1363

Longitude

-80.2131

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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