5600 N Nob Hill Rd - Service Station FOR SALE


Tamarac, FL 33351
$4,999,000 USD
954-302-7365
5600 N Nob Hill Rd, Tamarac, FL for Sale
$4,999,000 USD
Service Station - FOR SALE
1/9
null | 5% Cap Rate

5600 N Nob Hill Rd
Tamarac, FL 33351


HIGHLIGHTS

  • 5+ Years Remaining | Options To Extend | Bonus Depreciation |Scheduled Rental Increases | Corporate Signature
  • Absolute NNN | Zero Landlord Responsibilities | No State Income Tax
  • Signalized Hard Corner Location | Prime Retail Corridor | High Traffic Counts
  • Dense Demographics 5-Mile Trade Area | Nearby Developments

OVERVIEW

• 7-Eleven has 5+ years remaining on the lease, with five 5-year renewal options, demonstrating its long-term commitment to the site • Lease features 7.50% rental increases every five years through option periods 1–3, with option periods 4 and 5 subject to fair market value, providing NOI growth and a hedge against inflation • The lease is signed by 7-Eleven, Inc., investment grade (S&P: A-), a globally recognized and established convenience store/gas operator (14,000+ U.S. sites) • Fee-simple ownership of a convenience store may qualify for accelerated depreciation (see page 9 for additional details). Please consult with a qualified tax advisor regarding potential tax benefits. • In April 2014, 7-Eleven’s $1.8B acquisition of Sunoco, LP was announced, approved by shareholders in August 2014, and finalized in January 2018; the transaction included the acquisition of roughly 1,108 stores across 18 states

FOR SALE DETAILS

PRICE

$4,999,000 USD

PRICE/SF

$722 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven - Ft. Lauderdale-Miami (Tamarac) FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

CROSS STREETS

W Commercial

LAND ACRES

1.34 AC

LAND SF

58,468 SF

ZONING

B-3

APN/PARCEL ID

49-41-08-23-0010

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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