Listed by ParaSell Inc, MMG Real Estate Advisors, MMG
$2,025,000
Shell Station - Palmetto
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Cap Rate 6.10%
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Remaining Term 16
Price per SqFt $810
Year Built 1960
Year Renovated 2021
Buildings 1
Acreage 0.481
Retail | 6.10% CAP | 16 Years Remaining On Lease | Heavy Traffic Corridor
Marketing description
MMG is pleased to present the Shell Station, located in Palmetto, FL. The property underwent a complete renovation completed in late 2021, including all new fuel pumps, underground tanks, HVAC systems, roof, canopy, signage, and a fully rebuilt Go Market signature convenience store, resulting in a modern, code-compliant facility with minimal near-term capital risk.
Investment highlights
Fully Renovated, Institutional-Quality Shell CStore
Long-Term Absolute NNN Lease With Built-In Growth
2021 Renovations and Capital Investment
Pure Passive Ownership Structure
Prime US-41 Location in a High-Growth Florida Market
Immediate Built-In Residential Demand From Major Mobile Home Communities
Strong Historical Fuel & Store Sales
Listing Contacts
Listed by ParaSell Inc, MMG Real Estate Advisors, MMG
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