7006 Palmetto Cir Boca Raton, FL 33433
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High-yield Shell station, 15+ year lease.
Property size:
1,075 SFProperty Features for 7006 Palmetto Cir
General Information
- Property type
- Automotive properties
- Square Feet
- 1,075 SF
Listing Agency: The Boulder Group Listing Agent: Randy Blankstein
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 1,075 square foot Shell gas station located at 7006 Palmetto Cir N, Boca Raton, FL 33433. The property boasts a strong 6.15% cap rate and a substantial net operating income (NOI) of $645,000. The absolute NNN lease with Shell, a highly reputable tenant, has a remaining term of 15.3 years, extending to February 29, 2040, with built-in rent bumps of 7.5% every five years and four 5-year lease options. This strategically positioned property benefits from its location within the Miami MSA, ranked ninth in the US by population, and enjoys the advantages of Florida's tax-free environment. Situated on a grocery and gym-anchored outparcel, the station enjoys high visibility at a signalized intersection on Powerline Road (38,000 VPD), with close proximity to West Palmetto Park Road (51,000 VPD) and Interstate 95 (110,900 VPD). The affluent area boasts an average household income exceeding $137,000 within a one-mile radius and a population of over 302,000 within a five-mile radius. The property's strong tenant, excellent location, and long-term lease make it an attractive investment opportunity. Nearby retailers include Winn-Dixie, LA Fitness, Publix, Starbucks, Bank of America, Chipotle, and McDonald's. The asking price is $10,487,804. 100% occupancy ensures immediate cash flow.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Shell
Gas Station
ATM
Atm
Bitcoin of America ATM
Currency Exchange Service
Grifo
Gas Station
First Coast Energy
Gas Station
Location Insight
- Map
- Local Demand
- City
- Boca Raton
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.1543829
- Latitude
- 26.3532888
Nearby Similar for Sale
FAQs
What type of property is this?
Automotive property - High-yield Shell station, 15+ year lease.
Where is this automotive property located?
The property is located at 7006 Palmetto Cir Boca Raton, FL.
What is the asking price?
The asking price for this property is $10,487,804.
What are key features of this property?
This property features: $10,487,804 Asking Price, 6.15% Cap Rate, and $645,000 NOI.; Shell-branded gas station with a 15.3-year remaining lease term (expiring 02/29/2040).; Absolute NNN lease with 7.5% rent bumps every 5 years and four 5-year lease options.
