Property summary
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.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Alternative use
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