6950 Okeechobee Blvd West Palm Beach, FL 33411-2508

This exceptional investment opportunity presents a high-volume Exxon-branded convenience store ideally situated on Okeechobee Boulevard in West Palm Beach, Florida. Boasting a prime location with over 75,000 cars passing daily, this property has a proven track record of success, averaging 2 million gallons of fuel sales annually over the past three years. The 4,325 square foot store sits on a one-acre lot with 25 parking spaces and eight gas pumps. The current 15-year absolute NNN lease, commencing December 15, 2024, and expiring November 30, 2039, includes 7% rent bumps every five years and three five-year renewal options with similar increases. The tenant, Florida Gas Partners, a rapidly growing convenience store operator, is responsible for all maintenance, taxes, and insurance, offering a truly passive investment. The property features a 6.75% cap rate and a strong NOI of $355,000. With a rent-to-sales ratio of only 3.75% and a debt service coverage ratio exceeding three times, this offering presents a compelling return on investment. The asking price is $5,259,000. Comprehensive due diligence materials, including an updated Phase I environmental report, survey, and clean title, are readily available to facilitate a swift closing. The property is currently zoned for commercial use and qualifies for significant bonus depreciation, allowing for accelerated write-offs. This is a turnkey investment with exceptional potential for long-term growth and passive income. Further details are available upon request.