December 30, 2020 – Hobart Hare of Horvath & Tremblay has successfully completed the sale of an Amoco Gas Station Portfolio in South Florida. Horvath & Tremblay represented the buyer, to complete the transaction at a sale price of $15,000,000.
The Amoco Gas Station Portfolio consists of five locations: two are located in Miami, Florida at 2195 NW 103 Street and 715 Opalocka Boulevard, and three are located in Hialeah, Florida at 875 E 49 Street, 1901 W 4 Avenue, and 790 E 25 Street. The five locations feature stand-alone buildings that contain a total of 14,318 square feet on 2.26 acres of land. Each location features a new 15-year absolute triple net (NNN) lease that has four, 5-year renewal options. The lease calls for 2.5% annual rent increases throughout the base term and option periods. All of the properties are located in dense commercial corridors with significant traffic counts, and each of the locations benefits from great visibility and frontage with unlimited exposure and convenient access.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.