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.