1695 NW 119th St - Service Station FOR SALE
Miami, FL 33167 |
$4,930,016 USD
843-517-8165
1695 NW 119th St
Miami, FL 33167
HIGHLIGHTS
- ~20 Years Remaining on an Absolute Triple Net (NNN) Lease, Providing For No Landlord Responsibilities
- 2% Annual Rent Increases, Allowing For a Strong Hedge Against Inflation and Contributing to Long-Term Income Growth
- Nearly 2 Million People Reside Within a 10-Mile Radius of This Location
- Tenant Investing in an Ungraded Canopy and Signage to Reflect Modern Chevron Branding, Underscoring Their Commitment to the Site
- Over 50,000 Combined Vehicles Per Day (VPD) and Located at a High- Visibility Corner in a Strong Retail Corridor
- Florida is a No Income Tax State, Meaning Investors Enjoy Higher Retained Income, Improved Resale Value
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,569 SF Boca Gas Station Located at 1695 NW 119th Street in Miami, FL. This Deal Features Annual Rent Increases of 2%, Providing For a Strong Hedge Against Inflation and Contributing to Long-Term Income Growth in a High-Demand South Florida Market.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
FOR SALE DETAILS
PRICE
$4,930,016 USD
PRICE/SF
$1,919 USD /SF
CAP RATE
6.35%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Boca Gas Station (1695 NW 119th Street)
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1956
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.39 AC
LAND SF
17,045 SF
ZONING
C-2
APN/PARCEL ID
06-2126-016-7180
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843-517-8165
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843-517-8165
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