3741 Clyde Morris BlvdPort Orange, FL 32129

Property Details for 3741 Clyde Morris Blvd

Year built

2010

Construction

WOOD

Lot size

1.40 AC

Property size (Sq ft)

9,196 SF

Property type

Retail properties

Property subtype

Retail space

APN

6306-18-00-1000

APU

630618001000

Description

This exceptional investment opportunity presents a fee-simple, 9,526 square foot Dollar General located at 3741 S Clyde Morris Blvd, Port Orange, FL 32129. The property, built in 2010, sits on a 1.4-acre lot and benefits from a high-traffic location with over 28,500 vehicles per day. The Absolute NNN lease, with a corporate guarantee, has a remaining term of approximately 5.8 years, plus three five-year options with 10% rent increases each term. The current annual net operating income (NOI) is $155,370, representing a 6.50% cap rate on the $2,390,308 asking price ($250.92/sq ft). The single-story building is zoned RPUD and is a top-performing store, ranking in the 63rd percentile nationally according to Placer AI. This investment offers a strong residual value due to its distinctive architectural design and oversized lot. The property is part of the Daytona Beach MSA, a growing area with easy access to I-95 and US Highway 1. The tenant, Dollar General Corporation (NYSE: DG), operates over 18,000 stores nationwide, providing significant financial stability and a low-risk investment profile. This is a rare opportunity to acquire a well-performing, long-term net-leased property with significant upside potential.

Location Insight

City

Port Orange

County

Volusia

State

Florida

Latitude

29.1451

Longitude

-81.0344

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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