loader
Join Free
Views: 75 DOM: 65 Updated: 11.02.24 Posted: 09.19.24 Status: Active

Summary

Price $4,641,805
Built/Renov 1977/2021
Tenant Shell
Cap Rate 6.15%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,057
Lease Start 11-22-2019
#Units 100
Price/SF $4,391.49
Expiration 11-21-2040
Tenant Type Convenience/Gas
NOI $285,471
R. Term 16.0
Ownership Fee Simple
Rent/SF $270.08
Increases 2.0%/1/yrs
Pop 5Mi 430,683
Lot/AC 0.69
Options 2/10yrs/2%
AHHI 5Mi $98,494

Lease Highlights

  • Shell has 16 years remaining on the primary lease term with 2 (10-year) options to extend
  • Thoroughly renovated in 2021
  • The lease features 2% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Guaranties from the parent company & two high net worth individuals

Location Description

Shell is strategically located at the signalized, hard corner intersection of Commercial Boulevard and Powerline Road, with access to a substantial combined daily traffic count of 104,000 vehicles. The property is positioned near the exit and entrance ramps of Interstate 95, which sees 277,000 VPD. Additionally, it is surrounded by several high-traffic establishments, including Fort Lauderdale...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Shell plc (NYSE: SHEL) is a British multinational oil and gas company formed in 1907 through the merger of the Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity