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Chevron Gas Station (13705 NW 7th Ave) 13705 NW 7th Ave 4,727 SF Retail Building North Miami, FL 33168 $5,230,286 ($1,106.47/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 19+ Years Remaining on an Absolute Triple Net (NNN) Lease, Providing For No Landlord Responsibility
- Nearly 2 Million People Reside Within a 10-Mile Radius of This Location, Driving Steady Demand From Local Consumers
- Florida Is a No Income Tax State, Meaning Investors Enjoy Higher Retained Income, Improved Resale Value, and Access to a Tax Conscious Consumer Base
- 2% Annual Rent Increases, Allowing For a Strong Hedge Against Inflation and Contributes to Long-Term Income Growth
- Tenant is Investing in an Upgraded Canopy and Signage to Reflect Modern Chevron Branding, Underscoring Their Commitment to the Site
- This Location Includes Five Points of Ingress/Egress and is Located in a Strong Retail Corridor on a Hard Corner of a Signalized Intersection
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,727 SF Boca Gas Located at 13705 NW 7th Avenue in Miami, FL. This Deal Features an Absolute Triple Net (NNN) Lease With 19+ Years of Term Remaining, Providing For No Landlord Responsibility and 2% Annual Rent Increases, Allowing For a Strong Hedge Against Inflation and Contributes to Long-Term Income Growth, Offering Investors Passive, Predictable Returns Backed by a High-Performing Asset.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,727 SF
Building Class
C
Year Built
1968
Price
$5,230,286
Price Per SF
$1,106.47
Cap Rate
7%
NOI
$366,120
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.59 AC
Zoning
B-1 - Business
Parking
5 Spaces (1.06 Spaces per 1,000 SF Leased)
Frontage
226’ on Opa Locka Blvd
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Boca Gas Company
- Retailer
- 4,727 SF
- $77.45
- Mar 2045
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Boca Gas Company | Retailer | 4,727 SF | $77.45 | Mar 2045 |
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-2124-002-3290 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,007,257 |
PROPERTY TAXES
Parcel Number
06-2124-002-3290
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,007,257
CONTACTS
-
Jake Mahon -
John Brown -
Clifton McCrory -
Chris Sands -
Andrew Ackerman -
Sands Investment Group
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Chevron Gas Station (13705 NW 7th Ave) | 13705 NW 7th Ave
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