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Property profile

301 W Hillsboro Blvd Deerfield Beach, FL 33441

Gas stations
Property ID
US18-2805329
View Sample
1,120 SF 0.94 ac lot Built 1988
Entity Owned 3-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional investment opportunity presents a single-tenant, net-leased Shell gas station and car wash in Deerfield Beach, Florida, within the Miami MSA. The property boasts a strong 6.15% cap rate and a substantial $405,000 NOI. Situated on a 0.94-acre lot at a signalized intersection on West Hillsboro Boulevard (59,500 vehicles per day) and near I-95 (227,000 vehicles per day), this 3,303 square foot station benefits from high visibility and traffic volume. The absolute NNN lease, commenced February 27, 2023, and extends to February 26, 2043, with four 5-year renewal options and 10% rent bumps every five years. Built in 1988, the property includes eight fuel dispensers and a car wash. The location is surrounded by strong national retailers, including The Home Depot, McDonald's, Dunkin', and a DoubleTree by Hilton, serving a dense population of over 264,000 within a five-mile radius, with an average household income exceeding $116,914. The asking price is $6,585,366. Bonus depreciation is eligible

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION WITH FOOD MART
Year built 1988
Construction CONCRETE
Total area 1,120 SF
Lot 0.94 ac (41,086 SF)
Zoning code B-2
APN 48-42-01-22-0010
UPID US18-2805329

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.20M

Owner & transaction history

since 2023
Last sale
$4.5M
3 recorded transactions
2023
$4.5M
2018
$3.4M
2009
Price N/A

Zoning & alternative use

B-2 · Deerfield Beach, FL
Zoning description

The purpose of this district is to identify, within the area defined by the land use element of the comprehensive plan for commercial development

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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