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

Retail properties

Property subtype

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].