Shell | 301 W Hillsboro Blvd
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Shell 301 W Hillsboro Blvd
3,303 SF Retail Building Deerfield Beach, FL 33441 $6,585,366 ($1,994/SF) 6.15% Cap Rate
Investment Highlights
- Eligible for bonus depreciation – Consult with your CPA
- 18+ Years remain
- Directly off Interstate 95 (227,000 VPD)
- Miami MSA & Broward County location
- NNN
- Six-figure average household income within five miles ($116,914)
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Shell property located within the Miami MSA in Deerfield Beach, Florida. The lease commenced in 2023 and runs through February 2043. It is an absolute triple-net lease, presenting no landlord responsibilities. The lease includes 10% rental escalations every five years throughout the primary term, along with four 5-year renewal options. Additionally, the lease is guaranteed by Boca Gas, LLC, and a high-net-worth individual with extensive experience in fuel station operations. The property is equipped with eight fuel dispensers and a carwash, and is eligible for bonus depreciation—consult with your CPA.
The property benefits from its position at a signalized hard corner along West Hillsboro Boulevard, which experiences 59,500 vehicles per day. It is also located one block east of the Interstate 95 exit/entrance ramps, with Interstate 95 carrying over 227,000 vehicles per day. The asset is situated in a dense area, with 264,000 people living within a five-mile radius, boasting an average household income of $116,914. Neighboring tenants, such as The Home Depot, McDonald’s, Dunkin’, The DoubleTree by Hilton, CubeSmart Self Storage, and several others, continually draw traffic through the corridor. The property is located 40 miles north of Miami.
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.
The property benefits from its position at a signalized hard corner along West Hillsboro Boulevard, which experiences 59,500 vehicles per day. It is also located one block east of the Interstate 95 exit/entrance ramps, with Interstate 95 carrying over 227,000 vehicles per day. The asset is situated in a dense area, with 264,000 people living within a five-mile radius, boasting an average household income of $116,914. Neighboring tenants, such as The Home Depot, McDonald’s, Dunkin’, The DoubleTree by Hilton, CubeSmart Self Storage, and several others, continually draw traffic through the corridor. The property is located 40 miles north of Miami.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
3,303 SF
Building Class
C
Year Built
1988
Price
$6,585,366
Price Per SF
$1,994
Cap Rate
6.15%
NOI
$405,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
0.94 AC
Zoning
B-2
Parking
11 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Mining, Quarrying, and Oil and Gas Extraction
- -
- -
- Feb 2043
Shell is an international energy company with expertise in the exploration, production, refining and marketing of oil and natural gas, and the manufacturing and marketing of chemicals. They use advanced technologies and take an innovative approach to help build a sustainable energy future. They invest in power, including from renewable sources such as wind and solar. They also invest in electric vehicle charging and low-carbon fuels for transport, such as advanced biofuels and hydrogen
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Mining, Quarrying, and Oil and Gas Extraction | - | - | Feb 2043 |
Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 48-42-01-22-0010 | Improvements Assessment | $703,420 |
| Land Assessment | $924,440 | Total Assessment | $1,627,860 |
PROPERTY TAXES
Parcel Number
48-42-01-22-0010
Land Assessment
$924,440
Improvements Assessment
$703,420
Total Assessment
$1,627,860
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Shell | 301 W Hillsboro Blvd
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