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.