128 Atlantic AveDaytona Beach, FL 32118

Property Details for 128 Atlantic Ave

Year built

1971

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.23 AC

Property size (Sq ft)

3,156 SF

Property type

Retail properties

Property subtype

Retail space

APN

5304-01-04-0161

APU

530401040161

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $974,204

  6.5%

  $899,266

  7%

  $835,032

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,173,874

  Geo Method

  $887,807

• Alternative Use

  Use

  Valuation

  Residential

  $758,564

  Hospitality

  $694,841

  Educational

  $578,099

  Medical

  $597,981

  Retail

  $899,266

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2242

Longitude

-81.0072

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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