$3.5M Acquisition Loan on a Tamarac Gas Station and Car Wash

The corner property at 8291 North University Drive is the kind of asset most databases never explain: county records call it a convenience and service station, and the street tells the rest. A Marathon branded gas station and convenience store operates there with an automated car wash and the GoldShine hand wash and detailing operation, on a one acre commercial corner in Tamarac, the Broward County city northwest of Fort Lauderdale under which this market tracks. On April 15, 2026, First Horizon Bank recorded a $3,525,000 acquisition mortgage, following a March 31 sale recorded at $4,700,000 from Sims Boys LLC.

The buyer is an owner operator by every recorded signal: the purchasing entity was formed February 4, 2026, weeks before closing, and its registered principal address is the property itself. Fuel and service retail is bought by people who run it, and the financing history shows what that has meant here.

The chain is a small business credit story spanning 25 years: an Ocean Bank mortgage in 2001, BankAtlantic in 2002, a $2,500,000 loan from Kennedy Funding, a private commercial lender, in 2005 alongside private party paper, more private notes through 2007, then a return to banks with Marquis Bank on a twenty year structure in 2016 and First National Bank of South Miami at $1,968,750 in 2020. Eight lenders across eight instruments, alternating between community banks and private credit as the operation evolved.

First Horizon, a Memphis headquartered regional bank, publishes a business real estate program of $100,000 minimum loans on five to twenty year fully amortized terms at up to 85 percent loan to value, with retail among eligible types; those are program parameters from the bank's pages, not this loan's terms. This is one of three First Horizon closings tracked on LoanList and its second in the Broward market, alongside a $5,100,000 Pompano Beach retail loan.

Within the tracked Broward record the loan ranks 29th of 31, and that is the point for owner operators: the tracked market runs from institutional shopping centers down to exactly this, a single corner where the buyer pumps the gas. Regional banks are writing both ends of it, and the recorded chain here shows a service station financing itself from private notes to bank debt as the business matured.