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1695 NW 119th St
Miami, FL 33167

$4,472,229 USD

Service Station For Sale  •  2,569 SF

Property Details

• Property Type Service Station
• Total Building Size 2,569 SF
• Lot Size 0.39 AC
• Building Class C
• Year Built 1956
• Cap Rate 7.00 %
• Tenancy Single
• Zoning C-2

44 Transit Score

69 Walk Score

Highlights

~20 Years Remaining on an Absolute Triple Net (NNN) Lease, Providing For No Landlord Responsibilities

2% Annual Rent Increases, Allowing For a Strong Hedge Against Inflation and Contributing to Long-Term Income Growth

Nearly 2 Million People Reside Within a 10-Mile Radius of This Location

Tenant Investing in an Ungraded Canopy and Signage to Reflect Modern Chevron Branding, Underscoring Their Commitment to the Site

Over 50,000 Combined Vehicles Per Day (VPD) and Located at a High- Visibility Corner in a Strong Retail Corridor

Florida is a No Income Tax State, Meaning Investors Enjoy Higher Retained Income, Improved Resale Value

Cap Rate:

7.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Boca Gas Company	2,569 SF	3/31/2045

Public Transportation

Commuter Rail	Drive	Walk	Distance
Opa-Locka (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	6 min	-	2.9 mi
Golden Glades (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	10 min	-	5.4 mi
Airport	Drive	Walk	Distance
Miami International	26 min	-	12.2 mi
Fort Lauderdale/Hollywood International	25 min	-	16.5 mi