Net Leased Shell Sold

The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Shell gas station located at 890 NW 50^th Street in Fort Lauderdale, Florida for $4,460,000.

The property benefits from its prime location at the signalized intersection of Commercial Boulevard and Powerline Road, where over 104,000 vehicles pass by daily. Additionally, the property is strategically positioned near the exit and entrance ramps of Interstate 95, which sees 277,000 vehicles daily. The asset is surrounded by several establishments that generate consistent traffic through the corridor. The surrounding area boasts a dense population of 430,000 people within a five-mile radius, with an average household income of $98,494.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both sides in the transaction. The buyer was a Florida-based investor in search of bonus depreciation. The seller was a private equity real estate firm based in the southwest.

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 and BP strategically across Florida.

“Gas station properties rank among the top net lease investments for investors seeking to leverage bonus depreciation benefits” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman of The Boulder Group, added, “Florida based real estate assets continue to garner significant demands from private investors.”

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