815 N Federal Hwy - Service Station FOR SALE


Hollywood, FL 33020- Downtown Hollywood
$3,423,000 USD
781-776-4006
815 N Federal Hwy, Hollywood, FL for Sale
$3,423,000 USD
Service Station - FOR SALE
1/8
null | 6.25% Cap Rate

815 N Federal Hwy
Hollywood, FL 33020
Downtown Hollywood


HIGHLIGHTS

  • Attractive Rent Increases
  • Zero Landlord Responsibilities
  • Strategic Retail Location
  • High Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single-tenant, net-leased Shell Gas Station and Convenience Store located at 815 North Federal Highway in Hollywood, Florida (“the Property”). The Property consists of a 2,281 square foot freestanding building with 8 fueling stations on a 0.45-acre corner lot. Shell has 15+ years remaining on an Absolute NNN Lease with two (2), 10-year renewal options. The lease calls for attractive 2% annual increases in rent throughout the primary lease term and renewal options. Shell Gas Station & Convenience Store at 815 N Federal Highway is prominently located at the signalized intersection of North Federal Highway and Johnson Street, a major commercial corridor with high daily traffic counts. The Property benefits from strong visibility and accessibility in the heart of Downtown Hollywood, just minutes from Young Circle and Hollywood Beach. It is surrounded by a dense concentration of national retailers and restaurants including CVS, Walgreens, AutoZone, Publix, and Starbucks, all of which contribute to consistent vehicular and pedestrian traffic. The area is also characterized by a high residential population, with numerous apartment complexes and single-family neighborhoods in close proximity, offering a steady and reliable customer base throughout the day.

FOR SALE DETAILS

PRICE

$3,423,000 USD

PRICE/SF

$1,141 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

FH-2

APN/PARCEL ID

51-42-15-02-0290

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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