4831 Clyde Morris BlvdPort Orange, FL 32129

Property Details for 4831 Clyde Morris Blvd

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.76 AC

Property size (Sq ft)

3,680 SF

Property type

Retail properties

Property subtype

Auto shops

APN

6317-18-00-0022

APU

631718000022

Description

This exceptional investment opportunity presents a sale-leaseback of a recently renovated (2024) 3,736-square-foot Mavis Tires & Brakes retail property located at 4831 Clyde Morris Blvd, Port Orange, FL 32129. The property sits on a 0.76-acre lot and includes 20 parking spaces. The absolute NNN lease with Mavis Discount Tires boasts a 20-year term with six 5-year renewal options, each featuring a 5% rent increase. The current annual net operating income (NOI) is $157,000, representing a 5.50% capitalization rate on the $2,854,545 asking price ($764.06 per square foot). The property benefits from its prime location, boasting excellent visibility and high traffic counts due to its proximity to major roadways, including Clyde Morris Boulevard (22,000 vehicles per day), Dunlawton Avenue (54,500 VPD), and I-95 (78,500 VPD). The surrounding area is a thriving retail and commercial corridor with numerous national tenants. This sale-leaseback offers a strong, stable investment with significant upside potential due to the long-term lease, built-in rent escalations, and the tenant's strong financial performance. The building was originally constructed in 1997 and enjoys 100% occupancy. This is a turnkey investment with minimal landlord responsibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,210,772

  6.5%

  $1,117,636

  7%

  $1,037,804

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,481,627

  Geo Method

  $1,035,212

• Alternative Use

  Use

  Valuation

  Residential

  $942,767

  Hospitality

  $863,570

  Educational

  $718,480

  Medical

  $743,190

  Retail

  $1,117,636

Location Insight

City

Port Orange

County

Volusia

State

Florida

Latitude

29.118

Longitude

-81.0233

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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