Shell
Retail | 6.25% CAP | 2,309 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 2090 West Oakland Park Boulevard in Oakland Park, Florida (“the Property”). The Property consists of a 2,309 square foot freestanding building with 8 fueling stations on a 0.86-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 2090 West Oakland Park Boulevard is strategically positioned at the signalized intersection of West Oakland Park Boulevard and NW 21st Avenue, featuring excellent visibility and frontage, with prominent signage and three points of access. The Property enjoys excellent visibility and ease of access from both directions of traffic, benefiting from high daily vehicle counts and a strong commercial presence in the immediate area. Located less than a mile west of I-95, the site offers convenient connectivity to the broader Fort Lauderdale metro area. Surrounding national and regional tenants include Walmart Neighborhood Market, Dunkin’, Family Dollar, Advance Auto Parts, and McDonald’s, all contributing to consistent consumer activity throughout the day. The surrounding area is densely populated with a mix of residential neighborhoods and multi-family housing communities, ensuring a steady flow of local customers.
Investment highlights
LEASE TERM: The Triple Net 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 West Oakland Park Boulevard and NW 21st Avenue, featuring excellent visibility and frontage, with prominent signage and three points of access. The Property is positioned less than one mile from Interstate 95 and enjoys direct access to Fort Lauderdale and the surrounding metro area. The immediate trade area features a strong mix of national retailers including Walmart Neighborhood Market, Dunkin’, Family Dollar, McDonald’s, and Advance Auto Parts, all of which help drive consistent vehicle and foot traffic to the location. Surrounded by densely populated residential neighborhoods and multi-family communities, the site benefits from stable local demand and strong daytime population metrics.
RETAIL TRADE AREA: Additional retailers bringing consumers to the immediate trade area include Home Depot, Lowe’s, Walmart Neighborhood Market, CVS, McDonald’s, Dunkin’, AutoZone, Family Dollar, Dollar General, Advance Auto Parts, Long John Silver’s, Fresenius, Burger King, Metro by T-Mobile, KFC, Regions Bank, Wendy’s, Denny’s, Sherwin-Williams, Public Storage, Raceway, IHOP, and many others.
TRAFFIC COUNTS: Over 64,400 vehicles pass the Property each day at the signalized intersection of West Oakland Park Boulevard and NW 21st Avenue.
STRONG DEMOGRAPHICS: More than 179,500 people live within a 3-mile radius of the Property with an average household income of $88,538. An impressive 504,200 people live within 5 miles of the Property with an average household income of $113,400. Additionally, there are more than 108,700 employees within 3 miles of the Property.
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