For Sale
$2,000,000

128 Atlantic Ave Daytona Beach, FL 32118

High-Traffic Retail Property, 6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional retail investment opportunity is located at 128 S Atlantic Avenue in Daytona Beach, Florida, 32118. The property boasts 3,156 square feet of space in a building constructed in 2022, situated on a prime location along A1A, a high-traffic area near popular attractions and amenities. The property benefits from ample parking for both customers and employees. The versatile layout is suitable for a variety of retail concepts, and the surrounding businesses and shops contribute to strong foot traffic and a robust customer base. Currently 100% occupied by a single tenant under a Net Lease (NNN) agreement, the lease has over three years remaining in the initial term, with the owner guaranteeing the first five-year option. The property offers a strong net operating income (NOI) of $120,000, resulting in an attractive 6.00% capitalization rate. The asking price for this turnkey investment is $2,000,000. This presents a rare opportunity to acquire a high-performing retail property in a desirable location with significant upside potential. The property's strong tenant occupancy and favorable lease terms provide a stable and secure investment for years to come.

Highlights

  • Excellent Downtown Location
  • High Traffic Counts
  • 8+ Years Remaining on Lease

Property Details for 128 Atlantic Ave

Property type
Retail properties
Square Feet
3,156 SF
Year Built
2022

Location Insight

City
Daytona Beach
County
Volusia
State
Florida
Latitude
29.2241455
Longitude
-81.0071995

FAQs

What type of property is this?
Retail property - High-Traffic Retail Property, 6% Cap Rate
Where is the retail property located?
The property is located at 128 Atlantic Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Excellent Downtown Location; High Traffic Counts; 8+ Years Remaining on Lease
How can I contact the broker?
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128 Atlantic Ave
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