Log In/Sign Up
Your email has been sent.
Shell Station - Palmetto 1240 8th Ave W 2,500 SF 100% Leased Retail Building Palmetto, FL 34221 $2,025,000 ($810/SF) 6.10% Cap Rate
Investment Highlights
- Fully Renovated, Institutional-Quality Shell CStore
- Strong Historical Fuel & Store Sales
- Prime US-41 Location in a High-Growth Florida Market
- Long-Term Absolute NNN Lease With Built-In Growth
- Pure Passive Ownership Structure
- Immediate Built-In Residential Demand From Major Mobile Home Communities
Executive Summary
The property underwent a complete renovation completed in late 2021, including all new fuel pumps, underground tanks, HVAC systems, roof, canopy, signage, and a fully
rebuilt Go Market signature convenience store, resulting in a modern, code-compliant facility with minimal near-term capital risk.
rebuilt Go Market signature convenience store, resulting in a modern, code-compliant facility with minimal near-term capital risk.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,500 SF
Building Class
C
Year Built
1960
Price
$2,025,000
Price Per SF
$810
Cap Rate
6.10%
NOI
$123,525
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.46 AC
Zoning
CG - CG
Parking
12 Spaces (4.8 Spaces per 1,000 SF Leased)
Frontage
452’ on 8th Ave W
Amenities
- 24 Hour Access
- Atrium
- Freeway Visibility
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Accent Lighting
- Automatic Blinds
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 26279-0000-0 | Improvements Assessment | $232,583 |
| Land Assessment | $267,632 | Total Assessment | $500,215 |
Property Taxes
Parcel Number
26279-0000-0
Land Assessment
$267,632
Improvements Assessment
$232,583
Total Assessment
$500,215
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Shell Station - Palmetto | 1240 8th Ave W
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.