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20717923

7006 Palmetto Cir N, Boca Raton, FL 33433

RB
IL IL 471005983
The Boulder Group
JG
IL 471007006
The Boulder Group
Listed by The Boulder Group
$10,487,804
114 days on market
Updated 20 days ago

Shell

Details
Property Type Retail
Sub Type Gas Station
Square Footage 1,075
Cap Rate 6.15%
NOI $645,000
Occupancy 100%
Tenancy Single
Brand/Tenant Shell
Lease Type Absolute NNN
Lease Expiration 02/29/2040
Remaining Term 13.7
Rent Bumps Yes
Lease Options Four 5-year
Investment Type Net Lease

6.15% Cap Rate | Miami MSA | NNN

Marketing description

This property is ideally positioned within the Miami MSA, the ninth-largest metro area in the United States by population. Located in Florida, an income tax-free state, the property has over 15 years remaining on the primary lease term with a triple-net (NNN) structure, relieving the landlord of any responsibilities. It sits on a grocery and gym-anchored outparcel at a signalized intersection along Powerline Road, with traffic counts of 38,000 vehicles per day (VPD), and benefits from close proximity to West Palmetto Park Road (51,000 VPD) and Interstate 91 (110,900 VPD). The area is both densely populated, with over 302,000 people living within a five-mile radius, and affluent, boasting an average household income exceeding $137,000 within a one-mile radius. Neighboring retailers include popular brands like Winn-Dixie, LA Fitness, Publix, Starbucks, Bank of America, Chipotle, and McDonald’s, among many others, enhancing the property’s visibility and appeal.

Investment highlights

• Positioned within the Miami MSA - ranked #9 in the United States for population size

• Florida is an income tax free state

• 15+ years remain on the primary lease term

• NNN - No landlord responsibilities

• Grocery and Gym anchored outparcel

• Signalized intersection along Powerline Road (38,000 VPD)

• Proximity to W Palmetto Park Road (51,000 VPD) and Interstate 91 (110,900 VPD)

• Over 302,000 people live within a five-mile radius

• Affluent area - $137,000+ Avg. household income within 1-mile

• Neighboring retailers include Winn-Dixie, LA Fitness, Publix, Starbucks, Bank of America, Chipotle, McDonald’s, and many others

Listing Contacts

RB
IL IL 471005983
The Boulder Group
JG
IL 471007006
The Boulder Group
Listed by The Boulder Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$645,000.00
$53,750.00/mo

Valuation Metrics

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DSCR
6.15%
Cap Rate
6.15%
ROI

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