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    7006 Palmetto Cir Boca Raton, FL 33433

    Sponsored
    For Sale
    $10,487,804

    High-yield Shell station, 15+ year lease.

    Property size:
    1,075 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 7006 Palmetto Cir

    General Information

    Property type
    Automotive properties
    Square Feet
    1,075 SF

    HighLights

    • $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.
    • 1,075 square foot building located in Boca Raton, FL, within the Miami MSA.
    • High‑traffic location with strong demographics: over 302,000 people within a five‑mile radius and average household income exceeding $137,000 within one mile.
    Property Profile 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

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1543829
    Latitude
    26.3532888

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    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.
    Request Owner's contact information
    7006 Palmetto Cir Boca Raton, FL 33433
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7006 Palmetto Cir Boca Raton, FL 33433
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