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Shell Station - Palmetto 1240 8th Ave W 2,500 SF 100% Leased Retail Building Palmetto, FL 34221 $2,751,975 CAD ($1,100.79 CAD/SF) 6.10% Cap Rate
Investment Highlights
- Fully Renovated, Institutional-Quality Shell CStore
- Strong Historical Fuel & Store Sales
- Prime US-41 Location in a High-Growth Florida Market
- Long-Term Absolute NNN Lease With Built-In Growth
- Pure Passive Ownership Structure
- Immediate Built-In Residential Demand From Major Mobile Home Communities
Executive Summary
The property underwent a complete renovation completed in late 2021, including all new fuel pumps, underground tanks, HVAC systems, roof, canopy, signage, and a fully
rebuilt Go Market signature convenience store, resulting in a modern, code-compliant facility with minimal near-term capital risk.
rebuilt Go Market signature convenience store, resulting in a modern, code-compliant facility with minimal near-term capital risk.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,500 SF
Building Class
C
Year Built
1960
Price
$2,751,975 CAD
Price Per SF
$1,100.79 CAD
Cap Rate
6.10%
NOI
$167,870 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.46 AC
Zoning
CG - CG
Parking
12 Spaces (4.8 Spaces per 1,000 SF Leased)
Frontage
452’ on 8th Ave W
Amenities
- 24 Hour Access
- Atrium
- Freeway Visibility
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Accent Lighting
- Automatic Blinds
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 26279-0000-0 | Improvements Assessment | $316,080 CAD |
| Land Assessment | $363,712 CAD | Total Assessment | $679,792 CAD |
Property Taxes
Parcel Number
26279-0000-0
Land Assessment
$363,712 CAD
Improvements Assessment
$316,080 CAD
Total Assessment
$679,792 CAD
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Shell Station - Palmetto | 1240 8th Ave W
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