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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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