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Views: 91 DOM: 98 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 15.11
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...

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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...


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Listing Broker

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