7290 Central Industrial Dr Riviera Beach, FL 33404

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.