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Logos: Chevron X SQRL

Corporate Guaranteed

Absolute NNN

  • Across from University Campus with 17K+ Commuter Students
  • Chevron Gas Station with New Pumps
  • Convenience Store Being Re-imaged as SQRL
  • Attached Taco Shop with 4.5 Stars on Google
New

Fee Simple NNN Lease Bonus Depreciation Eligble

SQRL operates on a corporately guaranteed triple-net (NNN) lease, allowing for a hands-off passive form of ownership. The fee simple form of ownership allows for the property to be depreciated; an incentive not offered in a ground lease.

Across From University Campus

Across the street from UCF Cocoa Campus and Eastern Florida State College with over 17,000 commuter Students

ucf cocoa campus

Signalized High Traffic Intersection

Strong traffic counts in excess of 32,000 AADT. Strategically Located on a well-lit signalized corner with ingress/egress on two major roads in the area.

Investment Overview

This property is strategically located on a well-lit signalized corner, offering easy access from two major roads in the area. It is perfectly positioned across the street from UCF Cocoa Campus and Eastern Florida State College, which have a combined student population of 17,000. These are commuter campuses, generating consistent traffic flow. The traffic counts in this area are exceptionally strong, with over 32,000 vehicles passing by daily.

With a three-mile population of 31,000 and an expected growth rate of 6.84% over the next five years, this location presents an incredibly promising opportunity. The property features a large freestanding C-Store that is currently being re-imaged as a SQRL, along with an attached restaurant operating as a Taco Shop, boasting an impressive 4.5-star rating on Google.

The Chevron branded gas station on the premises includes a six-pump canopy with three MPDs (multi-product dispensers). Additionally, the immediate area is home to several highly recognized national retailers such as Publix, Walmart, McDonald’s, Taco Bell, ALDI, Walgreens, and many more.

The gas station/c-store fundamentals are exceptionally strong, and the current operations are highly profitable. However, we confidently anticipate a significant boost in performance after completing the SQRL re-image. It is worth noting that Florida is an income-tax-free state, which adds to this investment opportunity’s overall appeal and profitability.

Please let us know if you would like any further information. Our contact information is below.

SQRL Expansion Throughout Florida’s Space Coast

Financial

Price

$3,648,208

Cap Rate

6.25%

NOI

$228,013

Price/SF

$991

Lease

Lease Term

20 Years

Rent/Month

$19,001

Square Feet

3,680

Rent/SF

$61.96

Property

Type of Ownership

Fee Simple

Lot AC

0.85

Year Built

1988

Year Renovated

2023

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Contact

Michael Salafia Commercial Real Estate Investor Managing Partner of STAX Equity

Michael Salafia

(646) 457-4448

michael@staxequity.com

STAX Equity LLC | 846 Lincoln Rd, FL 6, Miami Beach, FL 33139 | License FL BK3462183