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Chevron Gas Station (1695 NW 119th Street) 1695 NW 119th St 2,569 SF Retail Building Miami, FL 33167 $4,472,229 ($1,740.84/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- ~20 Years Remaining on an Absolute Triple Net (NNN) Lease, Providing For No Landlord Responsibilities
- Nearly 2 Million People Reside Within a 10-Mile Radius of This Location
- Over 50,000 Combined Vehicles Per Day (VPD) and Located at a High- Visibility Corner in a Strong Retail Corridor
- 2% Annual Rent Increases, Allowing For a Strong Hedge Against Inflation and Contributing to Long-Term Income Growth
- Tenant Investing in an Ungraded Canopy and Signage to Reflect Modern Chevron Branding, Underscoring Their Commitment to the Site
- Florida is a No Income Tax State, Meaning Investors Enjoy Higher Retained Income, Improved Resale Value
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,569 SF Boca Gas Station Located at 1695 NW 119th Street in Miami, FL. This Deal Features Annual Rent Increases of 2%, Providing For a Strong Hedge Against Inflation and Contributing to Long-Term Income Growth in a High-Demand South Florida Market.
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
Building Size
2,569 SF
Building Class
C
Year Built
1956
Price
$4,472,229
Price Per SF
$1,740.84
Cap Rate
7%
NOI
$313,056
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.39 AC
Zoning
C-2 - General Commercial
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Boca Gas Company
- Retailer
- 2,569 SF
- $121.86
- Mar 2045
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Boca Gas Company | Retailer | 2,569 SF | $121.86 | Mar 2045 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-2126-016-7180 | Improvements Assessment | $236,548 |
| Land Assessment | $485,782 | Total Assessment | $722,330 |
PROPERTY TAXES
Parcel Number
06-2126-016-7180
Land Assessment
$485,782
Improvements Assessment
$236,548
Total Assessment
$722,330
CONTACTS
-
Jake Mahon -
John Brown -
Clifton McCrory -
Chris Sands -
Andrew Ackerman -
Sands Investment Group
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Chevron Gas Station (1695 NW 119th Street) | 1695 NW 119th St
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