FreshStop - Sale Leaseback 6950 Okeechobee Blvd Local commercial 402 m² À vendre West Palm Beach, FL 33411 4 822 561 € (12 002,22 €/m²) Taux de capitalisation 6,50 %

The Boulder Group is pleased to exclusively market the sale leaseback of a single tenant FreshStop property positioned within the Miami MSA in West Palm Beach, Florida. The sale leaseback features a 20-year lease. The lease will be absolute triple net, presenting no landlord responsibilities. It also will contain 7% rental escalations every five years throughout the primary term and three 5-year renewal options. Additionally, Florida is an income tax free state. Fuel station assets can qualify for bonus depreciation – Consult with your CPA.
The 4,325-square foot building is positioned along Okeechobee Boulevard, a heavily trafficked corridor with more than 67,000 vehicles per day. It is also near Interstate 91, which sees an additional 71,000 vehicles daily. The property is surrounded by major national retailers, including The Home Depot, Publix, Walmart Neighborhood Market, Floor & Décor, Walgreens, CVS, and Starbucks. Directly adjacent is The Point at Palm Beach Grove, a 245-unit apartment complex built in 2018, and the property sits across from the gated Riverwalk community. The surrounding area is densely populated, with over 230,000 residents within a five-mile radius, boasting an average household income exceeding $91,000.
FreshStop is one of the fastest growing convenience store chains in the southeast with over 30 locations. Backed by a leadership team with over 70 years of combined industry expertise, FreshStop focuses on innovation, operational efficiency, and flawless customer service to outperform competitors. The company plans to grow through acquiring well-located stores and strategic development, utilizing its vertically integrated real estate and construction arm to execute growth plans independently, building on proven success in scaling platforms like Madison Capital Group and Links Car Wash.