Investment Overview

Marcus & Millichap is pleased to present for sale this Fee Simple, Absolute NNN Shell Gas Station located at 2801 Pembroke Road in Hollywood, Florida—situated just 17 miles north of downtown Miami and 11 miles south of downtown Fort Lauderdale. The property features a 1,958 square-foot free standing building, a canopy with four gas pumps and eight nozzles, and is situated on a .56-acre parcel. Strategically positioned at the hard-signalized intersection of Pembroke Road and S 28th Avenue, the property enjoys prime retail positioning, with tremendous visibility and exposure to more than 45,098 vehicles per day. The property is also located just off the entrance and exit ramps of I-95, which sees vehicle counts exceeding 270,929 per day. As the first and last gas station from the highway, it captures significant inbound and outbound traffic, ensuring exceptional visibility and a steady flow of customers. The surrounding area is densely populated with a mix of residential housing communities, further strengthening the property’s long-term viability. Several large apartment complexes, including Pembroke Pines Landings Apartments, Harbor Cove, Camden Portofino Apartments, Villa De Mallorca Apartments, Douglas Gardens and Manor Miramar Apartments, are all within close proximity to the site. Additionally, there are several new home developments in the area which include The Villages of Renaissance, Mattamy Homes-Sienna, Kingfisher Reserve by CC Homes, and Lennar at Magnolia. The tenant, Boca Gas Company, executed a 21-year lease in 2019 which runs through November 21, 2040, with two additional ten-year renewal options and attractive 2 percent annual rent increases.