December 30, 2022 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of a Shell Gas Station in Deerfield Beach, Florida. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $3,650,000.
Shell is located at 301 E Sample Road in Deerfield Beach, Florida. The property features a 2,162 square foot service center and convenience store and five fuel stations (10 pumps) on a 0.82-acre corner parcel of land. Shell has 18 years remaining on their Absolute NNN lease with two (2), 10-year renewal options. The lease features attractive 2% annual increases in rent throughout the primary term and each of the option periods. The Property is well located at the signalized intersection of NE 3rd Avenue and Sample Road, the area’s primary east-west commercial corridor with frontage along both routes and several means of access. The Property is positioned in between Dixie Highway (FL Route 811) and Interstate 95 and is adjacent to the Broward Health North Hospital. The Property is surrounded by densely populated residential developments and benefits from outstanding traffic counts in excess of 50,000 vehicles per day.
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.