The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Shell gas station located at 890 NW 50th 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."
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2023, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html
