Shell 11 Blanding Blvd

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Shell Gas Station property positioned within the Jacksonville MSA in Orange Park, Florida. In 2020, the tenant, Boca Gas, committed to the site by signing a long-term lease extending through November 2040.The lease is absolute triple net with no landlord responsibilities. There are 2% annual rental escalations throughout the primary term and two 10-year renewal options. The lease also features guaranties from Pipeline Petroleum Banning LLC and two high net worth individuals. Gas Station properties are eligible for bonus depreciation – Consult with your CPA for specifics.
The property is strategically positioned along Blanding Boulevard, a major thoroughfare leading to downtown Jacksonville, Florida, with a traffic count exceeding 89,000 vehicles per day. It is also near Interstate 95, which carries 73,500 vehicles per day. The fuel station benefits from its proximity to multiple shopping centers anchored by nationally recognized retailers, including The Home Depot, At Home, Dick’s Sporting Goods, Publix, T.J. Maxx, Burlington, AMC Theaters, Best Buy, and Floor & Décor. The surrounding area boasts a population of over 148,000 residents within a five-mile radius, with an average household income of $89,898. Additionally, the property is less than a 10-minute drive from Jacksonville Naval Air Station.
Boca Gas, a dynamic consortium of companies headquartered in the vibrant city of Boca Raton, Florida, has quickly become a prominent player in the state’s energy landscape. Since its founding in 2018, Boca Gas has grown to operate a diverse portfolio of franchises, including well-known brands such as Shell, Chevron, Mobil, BP, Sunoco, and 76, strategically located across Florida. With a bold vision to expand its footprint, Boca Gas is ambitiously pursuing the acquisition of over 100 gas stations throughout the United States. Backed by a dedicated team of over 200 employees, Boca Gas is committed to delivering quality service and fueling the future of America’s energy needs.