and Interstate 95 Bellvue AveDaytona Beach, FL 32114

Property Details for and Interstate 95 Bellvue Ave

Year built

2020

Property size (Sq ft)

15,500 SF

Property type

Industrial properties

Property subtype

Flex space

Description

This exceptional investment opportunity presents a fee-simple ownership of a Class A, 15,500 square foot industrial flex property in Daytona Beach, Florida. Located at the highly visible intersection of Bellevue Ave and Interstate 95, this property boasts over 500,000 daily vehicle counts, ensuring maximum brand exposure. The property features a 11-year net lease with AT&T, a credit-rated tenant, with a remaining term of approximately 4.1 years. The lease commenced January 1, 2018, and expires January 1, 2029, with two 5-year extension options at a 3% annual rent increase. The current annual net operating income (NOI) is $7,200, representing a 4.80% cap rate. The property includes a ground lease expiring January 1, 2028, with 5 years remaining. The asking price is $149,999, translating to $9.68 per square foot. The 0.33-acre lot is zoned for general commercial and industrial use, offering significant flexibility. The property was built in 2020 and includes 20 parking spaces per 1,000 square feet. This is a rare opportunity to acquire a high-visibility billboard with a strong, long-term tenant in a prime Daytona Beach location. The property's strategic location near Daytona International Speedway, Daytona Beach International Airport, and major shopping centers further enhances its value and potential for future growth. The property's parcel ID is 5227-00-00-0130.

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.1675

Longitude

-81.0824

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