Marcus & Millichap’s TC Retail Group is pleased to present 400 S Atlantic Avenue, an irreplaceable coastal retail asset located in the high-barrier-to-entry Ormond Beach market. Positioned directly on A1A with premier Atlantic Ocean views and minutes from the public beach, the property offers an exceptional location that combines strong real estate fundamentals with long-term upside.
The site features direct frontage and visibility along A1A, exposed to approximately 17,800 vehicles per day, capitalizing on both year-round tourism and steady local demand. The surrounding trade area boasts more than 95,000 residents within five miles, with population growth exceeding 2.5% annually, supporting long-term retail demand.
The property is offered at $222 per square foot, well below replacement cost, and provides investors with immediate value through CAM reimbursement adjustments. The property achieves a 7.18% cap rate within Year 2, creating near-term stability. Beyond this, additional upside remains in bringing rents closer to market levels (currently $15.66 PSF vs. $19.90 PSF per CoStar).
Further enhancing the investment profile, the property is surrounded by a dense lineup of national retailers including Publix, CVS, Walgreens, Starbucks, Wawa, Dunkin’, Outback, Marshalls, Ross, AutoZone, Dollar Tree, Bealls, Planet Fitness, Hilton, and 7-Eleven, among many others, which drive consistent traffic and consumer spending.