4524 Forest Hill Blvd - Service Station FOR SALE


West Palm Beach, FL 33415
$3,582,096 USD
703-477-1315
4524 Forest Hill Blvd, West Palm Beach, FL for Sale
$3,582,096 USD
Service Station - FOR SALE
1/6
null | 6.25% Cap Rate

4524 Forest Hill Blvd
West Palm Beach, FL 33415


HIGHLIGHTS

  • Premier Convenience & Gas Operator | 28+ Gas & Convenience Store Locations under Shell, Chevron, Mobil, BP, Sunoco & 76 brand names throughout Florida
  • Long-Term Absolute NNN Lease with 2% Annual Rent Increases & Guaranties
  • Located on a Hard Corner at the Signalized Intersection of Forest Hill Blvd (46,000 VPD) and S. Military Trail (42,500 VPD)
  • Long-Term Operating History of 36+ Years | Recent Renovation in 2020
  • Strategically Located as an Outparcel to West Palm Plaza (Planet Fitness & Sears Appliance Repair)
  • 5 Miles from Downtown West Palm Beach, FL (MSA Population: 2.6M+)

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 743-square-foot Shell convenience store and gas station positioned on 0.50 acres in West Palm Beach, FL (MSA Population: 6.2M+). Operating as a gas station and convenience store for over 36 years, Boca Gas Holdings 2, LLC signed an absolute NNN lease in 2019 featuring ±15.5 years of term remaining and with 2% annual rent increases throughout the initial term and in each of the two, 10-year renewal options. The lease features guaranties from Pipeline Petroleum Banning, LLC, Abbas M. Jaferi and Magdy Mikhail. Positioned roughly 5 miles from downtown West Palm Beach, Shell is located with excellent access and visibility on a hard corner at the signalized intersection of Forest Hill Boulevard (46,000 VPD) and South Military Trail (42,500 VPD). Additionally, the site is less than 3 miles west of the on-ramp to Interstate 95 (263,000 VPD)—the main interstate highway of Florida’s Atlantic Coast that provides direct access to Fort Lauderdale (43.5 miles south) and Miami (68.3 miles south).

FOR SALE DETAILS

PRICE

$3,582,096 USD

PRICE/SF

$4,821 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

CG, UC

APN/PARCEL ID

00-42-44-12-21-000-0017

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.