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Jones Lang LaSalle Americas, Inc. ("JLL"), a licensed real estate broker, is pleased to exclusively offer a premier net lease opportunity to acquire a single tenant Chevron (the “Property”) located on an irreplaceable parcel of real estate just steps from the water along Biscayne Boulevard in Miami, FL – the most populous MSA in Florida and one of the economic and cultural hubs of the Southeast. Sunshine Gasoline Distributors (Tenant), one of the nation’s premier gasoline distributors and operators (360 units) recently executed a long-term renewal that features 12% rent increases every 5 years for the remainder of the term. There is a landlord termination right that solely benefits the Landlord should a redevelopment opportunity become imminent. The Property has over 200 feet of frontage along Biscayne Boulevard and is positioned at a dedicated signalized intersection, with easy access to I-95 (202,500 VPD), Florida’s busiest highway. Just minutes south of the Property are some of Miami’s hottest areas including the Edgewater District, Miami Design District, Midtown Miami, and Downtown Miami – hotspots for retail, art, finance, tech, and innovation. The neighborhoods surrounding the Property are some of the most attractive places for new residents as evidenced by the projected 3-mile population growth of 7.9% over the next 5 years.
- Irreplaceable Real Estate along Biscayne Boulevard—Gateway to Miami
- Recent Long-Term Renewal and Secure Cash Flow
- Favorable Rent Increases, Zero Remaining Renewal Options, and Landlord Termination Right
- Scaled Corporate Gasoline Distributor & Operator (360 stores) as Tenant
- Upscale Food and Beverage Offerings from Europa Café
- Incredible Visibility at Signalized Intersection of Biscayne Boulevard and NE 61st St
- Near Wynwood, Edgewater, and Miami Design District – Miami’s Hottest Areas
- Miami: International Destination and Global Economic Hub with $87 Billion in Trade Volume Annually