7290 Central Industrial Dr Riviera Beach, FL 33404-3424
- Gas stations
- 1,241 SF
- 1.00 lot acres
Current Use by Public Records
- Gas stations
Property Details for 7290 Central Industrial Dr
- Year built
- 1984
- Construction
- STEEL FRAME
- Lot size
- 1.00 lot acres
- Property size
- 1,241 SF
- Zone code
- CG
- Property type
- Gas stations
- APN
- 56-43-42-30-13-000-0030
- APU
- 56434230130000030
Description
This exceptional investment opportunity presents a freestanding Shell-branded gas station and convenience store located at 7290 Central Industrial Dr, Riviera Beach, FL 33404, in Palm Beach County. The property, built in 1984 and renovated in 2020, boasts 952 square feet on a one-acre lot. It features 10 gas pumps and benefits from a strong location with high traffic counts (data not provided). The property is currently operating at 100% occupancy under a 21-year absolute NNN lease with a franchisee tenant (no credit rating provided). The lease commenced November 22, 2019, and expires November 30, 2040, leaving approximately 16 years remaining. The lease includes two 10-year renewal options and features a 2.00% annual rent increase. The current asking price is $4,259,000, representing a price per square foot of $4,473.74 and a 6.00% cap rate based on a net operating income (NOI) of $255,528. This offering presents a compelling investment opportunity in a tax-advantaged state, with significant population density within a 5-mile radius (data not provided). The property's strong tenant, lease terms, and location make it an attractive addition to any portfolio. This is a leased fee simple ownership.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riviera Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0952
- Latitude
- 26.7837
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
