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Description
We are pleased to present this stand-alone building for sale for a Direct Principal Buyer purchasing as an Investment Property with an 8.07Prcnt (+-) CAP RATE on a Long-Term Lease -- GREAT CASH FLOW!!This site is approved for commercial/automotive use, over 8,600(+-) SF total (Multiple buildings), and sits on over 2.4(+-) Acres with over $150,000(+-) in Renovations. The Existing Tenant has an 11-year NNN Lease currently at $7,906/month (2026), 3prcnt annual escalation (excluding final year 2035).There is still over 9 years remaining on the Lease (11-year lease). The Lease is a NNN lease. Tenant pays property taxes and insurance. There is a 3prcnt Annual Increases until 2034. There is no increase on the last year 2035 (rent is the same in 2035 as it is in 2034). Rent increases are in February of each year.
Property Highlights
Property Type: Commercial -
Cooling: Central Air
Lot Size: 2.41 Acres
Stories: 1.0
Taxes: $9,696
Year Built: 1953
General Information
County: Volusia
Subdivision: MASON & CARSWELLS HOLLY HILL
Listed By:
Mark Allen
COMMERCIAL REAL ESTATE PROF IN
407-737-9797
MLS ID: O6453154
Property Features
Days on Site: 2
Directions: I-4 Express from E Colonial Dr and N Magnolia AveFollow I-4 Express and I-4 E to US-92 E/W International Speedway Blvd in Daytona Beach. Take the I-95 N exit from I-4 EContinue on US-92 E/W International Speedway Blvd to your destination
Exterior: Block
Flood Zone Code: AE
Foundation: Block
Home Warranty Y/N: No
Listing Terms: Lease Back
Lot Dimensions: 2.41
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Mixed Use
Showing Instructions: 24 Hour Notice
Special Sale Provisions: None
Utilities: Electricity Available, Phone Available, Water Connected
Water: None
Water Access Y/N: No
Shown By
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556 Mason Avenue, Daytona Beach, FL 32117.
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