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5980 Okeechobee Blvd
West Palm Beach, FL 33417

$4,925,000 USD

Service Station For Sale • 1,057 SF

Property Details

Property Type Service Station
Total Building Size 1,057 SF
Lot Size 0.47 AC
Building Class B
Year Built 1985
Cap Rate 6.25 %
Tenancy Single
Zoning RH, CG

0 Transit Score

49 Walk Score

                
                    Highlights
                
                                21-Year Absolute NNN Lease
                            
                                ~16+ Years Remaining
                            
                                Three Guarantors ($70MM+ Net Worth)
                            
                                Two, 10-Year Options
                            
                                2.00% Annual Increases
                            
                                28-Unit Operating LLC

Property Flyers

5980 Okeechobee Rd. West Palm Beach, FL - Shell V24

Cap Rate:

6.25 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Shell		11/22/2040

Amenities

Freeway Visibility
Pylon Sign

Public Transportation

Commuter Rail	Drive	Walk	Distance
West Palm Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	9 min	-	5.0 mi
West Palm Beach (Mainline - Brightline)	11 min	-	5.4 mi
Airport	Drive	Walk	Distance
Palm Beach International	10 min	-	4.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	Surface
Included in Rent:	Yes

Klinton Lewis 512-630-9758 Embree Capital Markets Group

5980 Okeechobee Blvd West Palm Beach, FL 33417