7006 Palmetto Cir N - Service Station FOR SALE


Boca Raton, FL 33433
$10,487,804 USD
847-562-8500
7006 Palmetto Cir N, Boca Raton, FL for Sale
$10,487,804 USD
Service Station - FOR SALE
1/1
null | 6.15% Cap Rate

7006 Palmetto Cir N
Boca Raton, FL 33433


HIGHLIGHTS

  • Positioned within the Miami MSA - ranked #9 in the United States for population size
  • Florida is an income tax free state
  • 15+ years remain on the primary lease term
  • NNN - No landlord responsibilities
  • Grocery and Gym anchored outparcel
  • Signalized intersection along Powerline Road (38,000 VPD)

OVERVIEW

This property is ideally positioned within the Miami MSA, the ninth-largest metro area in the United States by population. Located in Florida, an income tax-free state, the property has over 15 years remaining on the primary lease term with a triple-net (NNN) structure, relieving the landlord of any responsibilities. It sits on a grocery and gym-anchored outparcel at a signalized intersection along Powerline Road, with traffic counts of 38,000 vehicles per day (VPD), and benefits from close proximity to West Palmetto Park Road (51,000 VPD) and Interstate 91 (110,900 VPD). The area is both densely populated, with over 302,000 people living within a five-mile radius, and affluent, boasting an average household income exceeding $137,000 within a one-mile radius. Neighboring retailers include popular brands like Winn-Dixie, LA Fitness, Publix, Starbucks, Bank of America, Chipotle, and McDonald’s, among many others, enhancing the property’s visibility and appeal.

FOR SALE DETAILS

PRICE

$10,487,804 USD

PRICE/SF

$7,324 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

CROSS STREETS

Powerline Rd

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

CG

APN/PARCEL ID

00-42-47-21-01-011-0000

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.