6950 Okeechobee Blvd, West Palm Beach, FL 33411-2508
- Grocery and convenience stores
- 4,325 SF
- 1.01 lot acres
Current Use by Public Records
- Marathon / Gas Station
- Locals Convenience Stores - West Palm Beach / Grocery & Convenience Store
- Locals West Palm Beach / Grocery & Convenience Store
- Marathon Gas / Gas Station
Property Details for 6950 Okeechobee Blvd
- Year built
- 1983
- Construction
- CONCRETE
- Lot size
- 1.01 lot acres
- Zone code
- CG
- Property type
- Grocery and convenience stores
- APN
- 00-42-43-28-01-002-0060
- APU
- 424328010020060
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 13, 2025 | — | Fresh Stop Wpb LLC | — | Deed · related | $3M · First State Bank Of The Florida Keys |
| May 28, 2025 | $4,650,000 | Fresh Stop Wpb LLC | Locals Palm Beach LLC | Warranty Deed | — |
| May 28, 2025 | $2,500,000 | Locals Palm Beach LLC | Power Petro LLC | Warranty Deed | — |
| Jul 7, 2023 | $2,350,000 | Power Petro LLC | V H Trading INC | Warranty Deed | $2M · Synovus Bank |
| Oct 23, 2010 | — | Yh Trading INC | Lee,dal & Yeo K | Grant Deed · related | $906k · First Intercontinental Bank |
| Mar 13, 1998 | $550,000 | Y H Trading INC | Lee,dal & Yeo K | Grant Deed | — |
| — | — | Yh Trading INC | — | Deed Of Trust · related | $104k · Flagler Bank |
| — | — | Yh Trading INC | — | Deed Of Trust · related | $680k · Sound Mortgage INC |
| — | — | Y H Trading INC | — | Deed Of Trust · related | $780k · Sound Mortgage INC |
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.1569
- Latitude
- 26.7074
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
