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Auto Service - Gas-Conv

Sale Leaseback Shell

6020 S Congress Ave, Atlantis, FL 33462

Listing Price: $4,350,000

Tenant Name
Shell
Years Remaining On Lease
19.9
Gross SF
3,136
Guarantor
Personal Guarantee
Rentable SF
3,136
Price/Gross SF
$1,387.12
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$110.97

Investment Overview

This property, strategically situated at the intersection of S Congress Ave and
Lantana Road in Lake Worth, Florida, epitomizes prime real estate in the
bustling region of South Florida. With a densely populated area boasting
357,103 residents within a 5-mile radius, coupled with a remarkable traffic
flow of over 60,000 vehicles passing daily, the location presents an
exceptional opportunity for a gas station business.
The tenant brings significant credibility to the table, backed by a personalized
guarantee and a track record of over 30 years in the gas station industry,
operating successfully across 20 locations in the South Florida market.
Moreover, the property's proximity directly across the street from the Palm
Beach County Park/Lantana Airport further enhances its appeal and potential
for sustained business activity.
Surrounded by a myriad of retail establishments ranging from major grocery
chains like Publix to discount retailers like Aldi, with a plethora of local
tenants, the area ensures a steady stream of customers to the gas station.
This asset not only promises secured cash flow but also represents a
cornerstone in real estate investment, poised to capitalize on future growth
opportunities. Its strategic positioning lays a solid foundation for maximizing
returns and unlocking potential for further development and investment
endeavors.

Investment Highlights

  • 20-Year Lease Base Term at Close of Escrow
  • 8% CAP Rate
  • Localized Tenant

Exclusively Listed By

Auto Service - Gas-Conv

Sale Leaseback Shell

Listing Price: $4,350,000

Tenant Name
Shell
Years Remaining On Lease
19.9
Gross SF
3,136
Guarantor
Personal Guarantee
Rentable SF
3,136
Price/Gross SF
$1,387.12
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$110.97

Investment Highlights

  • 20-Year Lease Base Term at Close of Escrow
  • 8% CAP Rate
  • Localized Tenant

Investment Overview

This property, strategically situated at the intersection of S Congress Ave and Lantana Road in Lake Worth, Florida, epitomizes prime real estate in the bustling region of South Florida. With a densely populated area boasting 357,103 residents within a 5-mile radius, coupled with a remarkable traffic flow of over 60,000 vehicles passing daily, the location presents an exceptional opportunity for a gas station business. The tenant brings significant credibility to the table, backed by a personalized guarantee and a track record of over 30 years in the gas station industry, operating successfully across 20 locations in the South Florida market. Moreover, the property's proximity directly across the street from the Palm Beach County Park/Lantana Airport further enhances its appeal and potential for sustained business activity. Surrounded by a myriad of retail establishments ranging from major grocery chains like Publix to discount retailers like Aldi, with a plethora of local tenants, the area ensures a steady stream of customers to the gas station. This asset not only promises secured cash flow but also represents a cornerstone in real estate investment, poised to capitalize on future growth opportunities. Its strategic positioning lays a solid foundation for maximizing returns and unlocking potential for further development and investment endeavors.

Exclusively Listed By

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