For Sale
$5,575,000

6952 Okeechobee BlvdWest Palm Beach, FL 33411

High-Growth Convenience Store, $5.5M

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional West Palm Beach convenience store presents a lucrative investment opportunity. Boasting a prime location at 6952 Okeechobee Blvd, this 4,325 square foot, fee-simple property sits on one acre and offers significant growth potential. The business, operating at 100% occupancy, generates a substantial Net Operating Income (NOI) of $970,000, resulting in an attractive 17.40% cap rate. The property includes a full kitchen, recently added U-Haul and food truck services, and is approved for Amazon fueling and EBT transactions (approved 4/3/2024). Significant recent improvements include new high-speed diesel pumps (added December 2023), leading to a remarkable 150% increase in regular gas sales and an 180% surge in inside store sales within the past year. This location is unique in the area for its high-speed diesel pumps, catering to truck fueling needs. A 9-year fuel supply agreement remains at Rack +1, ensuring long-term stability. The property's annual fuel sales averaged 2,000,000 gallons prior to recent upgrades. This is an owner-user investment opportunity ideal for experienced operators with proof of funds seeking substantial returns and continued growth. Serious inquiries only.

Highlights

  • Fee-simple convenience store on one acre in prime West Palm Beach location (6952 Okeechobee Blvd).
  • 4,325 square foot building with a full kitchen, generating $970,000 NOI and a 17.40% cap rate.
  • High-speed diesel pumps (added December 2023) increased regular gas sales by 150% and inside store sales by 180% in the past year.
  • Recently added amenities include U-Haul, food truck services, Amazon fueling approval, and EBT acceptance (approved 4/3/2024).
  • 9-year fuel supply agreement at Rack +1; averaged 2,000,000 gallons of annual fuel sales prior to recent upgrades.

Property Details for 6952 Okeechobee Blvd

Property type
Square Feet
4,325 SF
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.7074706
Longitude
-80.1568285
6952 Okeechobee Blvd, West Palm Beach, Florida

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6952 Okeechobee Blvd
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