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3418 S Atlantic Avenue, Daytona Beach Shores, FL

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3418 S Atlantic Avenue

Daytona Beach Shores, FL 32118 - Coastal Daytona Beach Submarket

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:1989
Building Size:2,794 SF Land Area:.45 AC (19,502 SF)
For Sale Price:$1,025,000 Price/SF:$366.86
Cap Rate:7.00 %
Parking:Free Surface spaces are available; Ratio of 8.95/1,000 SF
Features:Bus Line, Pylon Sign, Signage, Drive Thru

7.5% CAP Rate on this Highly Visible Investment Property leased to Burger King Corporate. Just renovated by tenant. Absolute triple net lease, one year left with 4-5 year renewal options. Excellent location beachside on A1A just over the Dunlawton Ave. Bridge. Average Daily Traffic Count on Dunlawton Bridge 29,500, on A1A North of property 13,000. The only national chain fast food restaurant with a drive-thru in the area. Store performance exceeds overrides. Confidentiality agreement needed for release of financial information. Do Not Disturb Burger King Employees. Must Contact Listing Agents for Appointments to Show.

Sale Notes:
Absolute NNN National Chain Restaurant Investment Property. 6.29% CAP Rate with Corporate Guarantee and base rent plus %.10+ Years on lease including renewals. Excellent location with high traffic count of 13,000 AADT. This location has been Burger King for over 25 years. Property underwent a $250K renovation in 2008. Full info package available. OPERATING BUSINESS - DO NOT DISTURB EMPLOYEES - SHOWN BY APPOINTMENT ONLY

Realty Pros Commercial
Ron Frederick
(386) 334-8997

Buddy Budiansky
(386) 253-8565

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