Chevron Gas Station (1695 NW 119th Street) – Miami, FL

1695 Northeast 119th Street, Miami, FL 33168, USA

Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,569 SF Boca Gas Station Located at 1695 NW 119th Street in Miami, FL. This Deal Features Annual Rent Increases of 2%, Providing For a Strong Hedge Against Inflation and Contributing to Long-Term Income Growth in a High-Demand South Florida Market.

  • ~20 Years Remaining on an Absolute Triple Net (NNN) Lease, Providing For No Landlord Responsibilities
  • 2% Rent Increase Annually, Allowing For a Strong Hedge Against Inflation and Contributing to Long-Term Income Growth
  • Nearly 2 Million People Reside Within a 10-Mile Radius of This Location, Capturing Consistent Demand From Both Local Consumers and the Broader Miami Commuter and Tourist Base
  • Tenant Investing in an Upgraded Canopy and Signage to Reflect Modern Chevron Branding, Underscoring Their Commitment to the Site
  • Over 50,000 Combined Vehicles Per Day (VPD) and Located at a High-Visibility Corner in a Strong Retail Corridor, With Extended Curb Cuts on Both Frontages, Allowing For Seamless Ingress and Egress
  • Florida is a No Income Tax State, Meaning Investors Enjoy Higher Retained Income, Improved Resale Value, and Access to a Growing, Tax-Conscious Consumer Base
  • Features Eight (8) 24-Hour Regular Fueling Stations, Four (4) High- Speed Diesel Pumps, Pay-at-the-Pump Convenience, an On-Site Car Wash, and a Well-Stocked Convenience Store—Delivering a Streamlined, Customer-Centric Experience
  • Gas Station Investments Qualify For Accelerated Bonus Depreciation; Buyers Are Encouraged to Consult With Their CPA to Explore Available Tax Benefits

 

In Cooperation With SIG RE Services, LLC – Lic. #CQ1055229 BoR: Andrew Ackerman – Lic. FL #BK3369953

Price

$4,472,229

Cap Rate

7.00%

PREMISES

2,569 SF

RENEWAL OPTIONS

4 x 5 Year Options

Lease Expiration

03/31/2045

Lease Type

Absolute NNN

RENTAL INCREASES

2% Annually

List with SIG

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