Shell 890 W Commercial Blvd

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Shell Gas Station property positioned within the Miami MSA in Fort Lauderdale, Florida. The property was renovated in 2021 to accommodate the tenant, Boca Gas, who subsequently signed a long-term lease extending through November 2040, demonstrating their commitment to the site. 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 the parent company, 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 benefits from its prime location at the signalized intersection of Commercial Boulevard and Powerline Road, where over 104,000 vehicles pass by daily. Additionally, the property is strategically positioned near the exit and entrance ramps of Interstate 95, which sees 277,000 vehicles daily. The asset is surrounded by several establishments that generate consistent traffic through the corridor. Including Fort Lauderdale Executive Airport (FXE) which handles more than 80,000 aircrafts annually. Other nearby attractions include Keiser University (17,000 students), Chase Stadium (Home to Inter Miami CF), BJ’s Wholesale Club, and many others. The surrounding area boasts a dense population of 430,000 people within a five-mile radius, with an average household income of $98,494.
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.