128 S Atlantic Ave - Freestanding FOR SALE


Daytona Beach, FL 32118- Daytona Beach Shores
$1,600,000 USD
954-864-5902
128 S Atlantic Ave, Daytona Beach, FL for Sale
$1,600,000 USD
Freestanding - FOR SALE
1/17
null | Request Cap Rate

128 S Atlantic Ave
Daytona Beach, FL 32118
Daytona Beach Shores


OVERVIEW

Brand new retail building delivered December 2022, fully occupied and cash-flowing on Day 1. Located directly on South Atlantic Avenue (A1A) — Daytona Beach's highest-traffic beachside commercial corridor — this is a low-risk, hands-off investment with a long-term tenant already in place. Income & Lease Structure: $7,000/month | $84,000/year current rent 3-year lease in place with two (2) renewal options of 5 years each At renewal: $7,000/month Triple Net (NNN) — tenant responsible for taxes, insurance & maintenance Total potential lease term: 13+ years of tenant retention Asset Quality: 2022 new construction — no deferred maintenance, no near-term CapEx Prime A1A frontage with walk-in tourist and local traffic Access from both S. Atlantic Ave and Coates Street Private rear parking on site Market Fundamentals: 12 min to Daytona International Airport | 18 min to I-95 Adjacent to Ocean Center, Ocean Walk Shoppes, Hard Rock Hotel, and Daytona's entertainment district Daytona Beach commercial property values up 102% YoY (Jan 2025) Projected local job growth of 43.3% — well above the national average Ideal for a 1031 exchange buyer or passive income investor seeking new construction with no management burden.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$471 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,215 SF

ZONING

MPUD

APN/PARCEL ID

5304-01-04-0161

ASK ABOUT THIS PROPERTY

Roy ReggevCompassMore Info
954-864-5902

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Roy ReggevCompassMore Info
954-864-5902

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.