915 Ridgewood Ave - Freestanding FOR SALE


Daytona Beach, FL 32117- Greater Daytona
$1,999,000 USD
813-434-8278
915 Ridgewood Ave, Daytona Beach, FL for Sale
$1,999,000 USD
Freestanding - FOR SALE
1/10
null | 8.08% Cap Rate

915 Ridgewood Ave
Daytona Beach, FL 32117
Greater Daytona


HIGHLIGHTS

  • Two-Tenant Offering | Scheduled Rent Bumps | Options To Extend |Seller Financing Options Available
  • Demographics 5-Mile Trade Area | Significant Population Growth
  • Daytona International Speedway & Daytona International Airport |LPGA International (36-Holes) | Desirable Place To Live Via US News
  • Fronting Ridgewood Avenue/US Highway 1 | Primary Thoroughfare |Surrounding Retailers
  • NNN Leased | Fee Simple Ownership | No State Income Tax | Limited Landlord Responsibilities

OVERVIEW

• Opportunity to acquire the 100% occupied two-tenant Green Dragon and Marijuana Doctor asset in Daytona Beach, FL • Green Dragon is operating under a 10-year lease with 2 (5-year) options and Marijuana Doctor is operating under a 5-year lease with 2 (2-year) options, demonstrating their commitments to this location • Green Dragon was recently acquired by Eaze Inc. (whose founder is billionaire Netscape co-founder Jim Clark) with plans to ramp up production and add new locations • Green Dragon now has 40 locations throughout Florida and Colorado and has some of the highest dispensing units for cannabis companies • Both tenants’ leases feature rental increases throughout the initial term and each option to extend, generating NOI and hedging against inflation • Seller financing options are available for this opportunity – contact brokers for details

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$416 USD /SF

CAP RATE

8.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Green Dragon Cannabis & DocMJ - Daytona Beach

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

Commercial

APN/PARCEL ID

4242-58-03-0140

ASK ABOUT THIS PROPERTY

William WambleSRS Real Estate PartnersMore Info
813-434-8278

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William WambleSRS Real Estate PartnersMore Info
813-434-8278

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