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Shell gas station with 6 pump canopy and freestanding convenience store being fully re-imaged as SQRL

Signalized intersection on national retail corridor. High income demographics and above average population growth. This sale leaseback investment property is edible for accelerated depreciation and perfect for a 1031 exchange.

Shell X SQRL logos

Signalized Intersection on National Retail Corridor

  • Traffic counts in excess of 13,500 VPD
  • Dominant gas station in the immediate area, limited competition 
  • 3 mile population of 46,000 with expected 7% growth over 5 years
  • Brand New 247 Unit Apartment Complex Across the Street
  • Strong national retail presence with retailers in the immediate area including: Publix, Burger King, Taco Bell, Subway, CVS, McDonalds, Planet Fitness, & many more
  • Massive Residential developments surrounding the store Population increase of 7% next 5 years
  • Florida is an Income Tax Free State

Corporate Guaranteed NNN Lease

  • 20 Year Absolute Net Lease
  • Zero Landlord Responsibilities
  • Qualified for Accelerated Depreciation
  • Being Remodeled as  a SQRL Fuel Station
  • 2 Percent Annual Rent Increases Providing Investor with Strong Hedge Against Inflation
  • Strong Corporate Guarantee Backed by 150+ Units, $220M Revenue & $10M EBITDA
  • SQRL Puts an Emphasis on Service, Partners with Local Food Vendors, and Provides a Family Friendly Atmosphere

Investment Summary

Financial

Price $3,842,857
Cap Rate 7.00%
NOI $269,000
Price/SF $1,570

 

Rent

Lease Term 20 Years
Rent/Month $22,417
Square Feet 2,448
Rent/SF $109.89

 

Lease

Type of Ownership Fee Simple
Lot AC 0.64
Year Built 1981
Year Renovated 2023

Photo Gallery

Listing Contact

846 Lincoln Rd. Miami Beach FL 33139

Michael Salafia

License FL: BK3462183

(646) 457-4448
michael@staxequity.com
@michaelsalafia