1206 Woodland BlvdDeLand, FL 32720

Property Details for 1206 Woodland Blvd

Year built

1993

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.23 AC

Property size (Sq ft)

4,670 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

7004-13-00-0070

APU

700413000070

Description

This fee-simple, 4,670 square foot Denny's restaurant in DeLand, Florida, presents a compelling investment opportunity. Boasting a 6.00% cap rate and a long-term, absolute NNN lease with 12.5 years remaining until May 31, 2037, this property offers significant financial stability. The lease includes 10% rent increases every five years, ensuring consistent income growth. Located on a 1.23-acre lot with excellent visibility on N. Woodland Boulevard (23,000 vehicles per day), the property benefits from high traffic counts and proximity to other national retailers. The experienced franchisee, EYM Diner, has operated multiple Denny's locations since 2012. The property's location within a strong retail corridor, coupled with a dense and affluent population (average household income over $86,600 within one mile), further enhances its appeal. The site's proximity to Stetson University (enrollment over 3,400) provides a substantial customer base. The large lot size offers potential for future development. The property's strong financials, long-term lease, and prime location make it an attractive investment. Built in 1993 and renovated in 2017, this property offers a blend of established success and modern appeal. The Net Operating Income (NOI) is $137,280, and the asking price is $2,288,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,168,547

  6.5%

  $1,078,659

  7%

  $1,001,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,313,706

  Geo Method

  $1,313,706

• Alternative Use

  Use

  Valuation

  Residential

  $909,889

  Hospitality

  $833,454

  Educational

  $693,424

  Medical

  $717,272

  Retail

  $1,078,659

Location Insight

City

Deland

County

Volusia

State

Florida

Latitude

29.0493

Longitude

-81.3046

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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