The Boulder Group is pleased to exclusively market for sale a single tenant net leased Sunoco Gas Station & Car Wash property located in Jacksonville, Florida. In 2020, the tenant, Boca Gas, committed to the site by signing a long-term lease extending through November 2040. The lease is absolute triple net with no landlord responsibilities. There are 2% annual rental escalations throughout the primary term and two 10-year renewal options. The lease also features guaranties from Pipeline Petroleum Banning LLC and two high net worth individuals. Gas station properties are eligible for bonus depreciation – Consult with your CPA for speci?cs.
The property is strategically positioned at the signalized intersection of Lem Turner Road and Edgewood Avenue, where a combined 49,500 vehicles pass daily. It also bene?ts from close proximity to Interstate 95, which experiences a traffic volume of 108,500 vehicles per day. The surrounding area is home to over 165,000 residents within a ?ve-mile radius. Nearby retailers include Save A Lot, Wells Fargo, Fifth Third Bank, Walgreens, Taco Bell, AutoZone, and more. Jacksonville serves as the economic and cultural hub of Northeast Florida.
Boca Gas, a dynamic consortium of companies headquartered in the vibrant city of Boca Raton, Florida, has quickly become a prominent player in the state’s energy landscape. Since its founding in 2018, Boca Gas has grown to operate a diverse portfolio of franchises, including well-known brands such as Shell, Chevron, Mobil, BP, Sunoco, and 76, strategically located across Florida. With a bold vision to expand its footprint, Boca Gas is ambitiously pursuing the acquisition of over 100 gas stations throughout the United States. Backed by a dedicated team of over 200 employees, Boca Gas is committed to delivering quality service and fueling the future of America’s energy needs.