301 Hillsboro Blvd Deerfield Beach, FL 33441

Property Details for 301 Hillsboro Blvd

Year built

1988

Construction

CONCRETE

Lot size

0.94 lot acres

Property size

1,120 SF

Zone code

B-2

Property type

Gas stations

APN

48-42-01-22-0010

APU

484201220010

Description

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