Shell
Retail | 6.25% CAP | 2,281 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single-tenant, net-leased Shell Gas Station and Convenience Store located at 815 North Federal Highway in Hollywood, Florida (“the Property”). The Property consists of a 2,281 square foot freestanding building with 8 fueling stations on a 0.45-acre corner lot. Shell has 15+ years remaining on an Absolute NNN Lease with two (2), 10-year renewal options. The lease calls for attractive 2% annual increases in rent throughout the primary lease term and renewal options.
Shell Gas Station & Convenience Store at 815 N Federal Highway is prominently located at the signalized intersection of North Federal Highway and Johnson Street, a major commercial corridor with high daily traffic counts. The Property benefits from strong visibility and accessibility in the heart of Downtown Hollywood, just minutes from Young Circle and Hollywood Beach. It is surrounded by a dense concentration of national retailers and restaurants including CVS, Walgreens, AutoZone, Publix, and Starbucks, all of which contribute to consistent vehicular and pedestrian traffic. The area is also characterized by a high residential population, with numerous apartment complexes and single-family neighborhoods in close proximity, offering a steady and reliable customer base throughout the day.
Investment highlights
LEASE TERM: The Absolute NNN Lease has 15+ years remaining with two (2), 10-year renewal options.
ATTRACTIVE RENT INCREASES: The lease calls for attractive 2% annual rent increases throughout the primary lease term and renewal options providing a steady increase in income and an attractive hedge against inflation.
ZERO LANDLORD RESPONSIBILITIES: Shell has an Absolute NNN Lease and requires zero landlord responsibilities. The tenant is solely responsible for all service, maintenance, repairs, and replacements, making it an attractive investment for the passive real estate investor.
STRATEGIC RETAIL LOCATION: Shell Gas Station & Convenience Store is strategically located at the signalized intersection of North Federal Highway (US-1) and Johnson Street, a heavily traveled retail and commuter corridor in Downtown Hollywood. The Property is situated less than a mile from the beach and just minutes from Young Circle, a central hub for dining, shopping, and entertainment. It is surrounded by a dense mix of national tenants including CVS, Walgreens, Publix, AutoZone, and Starbucks, which generate significant daily traffic to the area. The site also benefits from strong local demographics, with high residential density and multiple nearby schools supporting steady, all-day demand.
RETAIL TRADE AREA: Additional retailers bringing consumers to the immediate trade area include CVS, Publix, Walgreens, AT&T, FedEx, Bank of America, PNC Bank, UPS, Metro by T-Mobile, Advance Auto Parts, Dollar Tree, Wawa, Dollar General, AutoZone, Starbucks, Chipotle, Wells Fargo, Pollo Tropical, Chase Bank, Burger King, Subway, Papa John’s, 7-Eleven, and an extensive array of local businesses and services.
SEMINOLE HARD ROCK: The Seminole tribe and Seminole Hard Rock are celebrating “A New Era In Florida Gaming” with approvals for the launch of craps, roulette and sports betting at all six Seminole Casinos. This new initiative will create jobs and increase tourism as South Florida’s gaming experience will now be on par with other major gaming vacation destinations such as Las Vegas. This new and enhanced experience coupled with Hollywood’s beautiful beaches, restaurants, area attractions and amenities will undoubtedly result in more frequent and longer vacation stays, which should be a boon for the Hollywood Beach area over the long-term.
TRAFFIC COUNTS: Over 43,500 vehicles pass the Property each day at the signalized intersection of North Federal Highway and Johnson Street.
STRONG DEMOGRAPHICS: More than 169,100 people live within a 3-mile radius of the Property with an average household income of $99,568. An impressive 359,500 people live within 5 miles of the Property with an average household income of $108,300. Additionally, there are more than 91,700 employees within 3 miles of the Property.
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