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Absolute NNN Sale Lease Back

Shell Gas Station | Convenience Store | Car Wash

6330 US-441 South, N State Rd 7, Coconut Creek, FL 33073

 

Shell Coconut Creek FL Drone Photo

Trophy single tenant net leased asset on a signalized intersection in high income area of Miami MSA. Qualifies for bonus depreciation, ideal for 1031x.

STAX Equity is pleased to present for sale this free-standing, single-tenant Shell Service Station & Convenience Store located in Coconut Creek Florida. The lease is backed by a $60M personal guarantee and has a 20- year lease with 2% annual rent increases. This absolute net lease (NNN) offers a true passive income investment opportunity with zero landlord responsibilities.

$10,000,000Asking at 6% Cap

Shell Gas Station C-Store & Car Wash

  • Absolute NNN | Zero Landlord Responsibilities
  • 20-Year Lease Backed by $60M Personal Guarantee
  • Primetime South Florida Real Estate in Miami MSA
  • Signalized Intersection with 62,000 AADT
  • Strong Sales Performance with $1M+ EBITDA
  • Eligible for Accelerated Depreciation

Financial Info

Price

$10,000,000

Cap Rate

6.00%

NOI

$600,000

Price/SF

$5,051

Rent Info

Lease Term

20 Years

Rent/Month

$50,000

Square Feet

1,980

Rent/SF

$303.03

Property Info

Type of Ownership

Fee Simple

Lot AC

1.32

Year Built

2007

Year Renovated

2022

Contact

Michael Salafia, Commercial Real Estate Broker, STAX Equity

Michael Salafia

(646) 457-4448

michael@staxequity.com

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