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Views: 109 Updated: 11.28.23 Posted: 05.03.23 Status: Inactive

Summary

Price $6,923,077
Built/Renov 1988
Tenant Shell
Cap Rate 5.85%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,303
Lease Start 02-27-2023
#Units 75
Price/SF $2,096.00
Expiration 02-26-2043
Tenant Type Convenience/Gas
NOI $405,000
R. Term 18.3
Ownership Fee Simple
Rent/SF $122.62
Increases 10.0%/5/yrs
Pop 5Mi 264,567
Lot/AC 0.94
Options 4/5yrs/10%
AHHI 5Mi $111,847

Lease Highlights

  • Brand-new 20 year lease with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and each option period
  • Absolute NNN lease with zero landlord responsibilites
  • Top franchisee guarantee Abbas Jaferi - BOCA Sunshine Petroleum LLC with 75+ units backed

Location Description

Shell is strategically located at the signalized, hard corner intersection of West Hillsboro Boulevard and Northwest 3rd Avenue which sees 59,500 vehicles per day. The site also benefits from close proximity to both Federal Highway which sees 43,000 vehicles daily and Interstate 95 which sees 206,000 vehicles daily. Nearby tenants major national tenants include CVS, The Home Depot, Publix,...

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Maps

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  • 5 Miles

Tenant

About Tenant

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


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 14,824 131,464 262,575
2023 Total Population : 14,841 131,580 262,975
2023 Employed Civilian Pop : 7,833 68,792 134,040
2023 Total Businesses : 1,231 9,843 21,940
2023 Average Household Income : $ 72,808 $ 103,649 $ 108,165
2023 Total Consumer Spending : $ 413 M $ 5382 M $ 10371 M
2023 Median Age : 40 49 46
2023 Total Households : 6,475 60,032 110,995
2023 Pop Age 25+: Bachelor's Degree : 2,092 27,276 52,333
2023 Average Home Value : $ 453,177 $ 504,516 $ 498,557
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
West Hillsboro Boulevard W Hillsboro Blvd 2021 55,000 0.05 mi
W Hillsboro Blvd NW 3rd Ave 2009 52,500 0.05 mi
Martin Luther King Jr Avenue SW 2nd St 2021 6,500 0.19 mi
W Hillsboro Blvd I-95 on Ramp 2005 59,500 0.19 mi
SW Natura Blvd SW Natura Ave 2008 6,800 0.33 mi
WB HILLSBORO BLVD W Hillsboro Blvd 2021 7,500 0.39 mi
S Dixie Hwy SW 1st Ct 2009 9,200 0.41 mi
NB I-95 @ 24.990 MP W Hillsboro Blvd 2021 7,400 0.43 mi
NB I-95 @ 24.517 MP SW Natura Ave 2021 6,300 0.43 mi
SR 810/HILLSBORO BLV SW Natura Blvd 2021 7,000 0.47 mi

Listing Broker

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