2079 Lpga BlvdDaytona Beach, FL 32117

Property Details for 2079 Lpga Blvd

Lot size

0.95 AC

Property type

Commercial land

APN

5203-13-00-0031

APU

520313000031

Description

This exceptional investment opportunity presents a brand-new, 551 square foot 7 Brew Coffee located in Daytona Beach, Florida. The property boasts a 20-year absolute NNN lease commencing August 14, 2024, with four 5-year renewal options, ensuring long-term stability. The lease includes annual rent increases of 1%, providing inflation protection and consistent NOI growth. The property sits on a 0.95-acre lot with 13 parking spaces and benefits from a prime location near the intersection of LPGA Boulevard and N. Williamson Boulevard (56,400 vehicles per day). Its proximity to major retail centers like Tomoka Town Center (7.7 million+ annual visits) and Tanger Outlets (2.9 million+ annual visits), along with other national retailers, ensures high visibility and significant foot traffic. The strong demographics of the 5-mile trade area, encompassing over 117,300 residents and 86,700 employees, further enhance the investment's appeal. The property's current NOI is $110,000, yielding a 6.00% cap rate, and the asking price is $1,833,000 ($3,326.68 per square foot). Built in 2024, this property offers a compelling combination of strong tenant, favorable lease terms, and a prime location in a thriving retail corridor. The property is zoned for commercial use and features a ground lease. This is a truly passive investment opportunity with zero landlord responsibilities.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $14,426,000

  Retail / Commercial

  $7,411,970

  Mixed-Use / Specialty

  $7,396,870

  Hospitality / Lodging

  $5,441,600

  Office

  $7,364,730

  Institutional / Educational

  $7,693,810

  Residential Income

  $9,001,760

  Multifamily

  $10,733,400

  Automotive / Energy

  $6,594,700

  Parking / Income-Based Land

  $2,264,560

  Restaurant / Food Service

  $3,871,350

  Healthcare / Senior Housing

  $7,573,740

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.224

Longitude

-81.0914

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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