December 29, 2023 – Dan Tilsner and Michael Talbert of Horvath & Tremblay have successfully completed the sale of a Shell Gas Station in Orange City, Florida. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $1,600,000.
Shell is located at 885 S Volusia Avenue in Orange City, Florida. The Shell Gas Station and Convenience Store consists of a 4,400 square foot freestanding building with 8 fueling stations on a 0.56-acre corner lot. Shell has 7+ years remaining on their Absolute NNN Lease with one (1), 5-year renewal option. The Lease calls for an attractive 31.33% rent increase in 2029 and a 4.8% rent increase in 2030 providing a steady increase in income and an attractive hedge against inflation. Shell Gas Station & Convenience Store is positioned at the signalized intersection of W Ohio Avenue and S Volusia Avenue (US Route 17), a primary commercial corridor. The Shell Gas Station & Convenience Store enjoys outstanding visibility and frontage and features three points of access. The Property is surrounded by densely populated residential neighborhoods providing a built-in customer base and is close to several area schools and numerous business and industrial parks which drive traffic to the area. The Property is positioned along US Route 17 and enjoys convenient access to Interstate 4 and FL Routes 400.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the 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.