For Sale
$149,999

and Interstate 95 Bellvue AveDaytona Beach, FL 32114

Prime I-95 location, AT&T lease, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple ownership of a Class A, 15,500 square foot industrial flex property in Daytona Beach, Florida. Located at the highly visible intersection of Bellevue Ave and Interstate 95, this property boasts over 500,000 daily vehicle counts, ensuring maximum brand exposure. The property features a 11-year net lease with AT&T, a credit-rated tenant, with a remaining term of approximately 4.1 years. The lease commenced January 1, 2018, and expires January 1, 2029, with two 5-year extension options at a 3% annual rent increase. The current annual net operating income (NOI) is $7,200, representing a 4.80% cap rate. The property includes a ground lease expiring January 1, 2028, with 5 years remaining. The asking price is $149,999, translating to $9.68 per square foot. The 0.33-acre lot is zoned for general commercial and industrial use, offering significant flexibility. The property was built in 2020 and includes 20 parking spaces per 1,000 square feet. This is a rare opportunity to acquire a high-visibility billboard with a strong, long-term tenant in a prime Daytona Beach location. The property's strategic location near Daytona International Speedway, Daytona Beach International Airport, and major shopping centers further enhances its value and potential for future growth. The property's parcel ID is 5227-00-00-0130.

Highlights

  • Fee-simple ownership of a 15,500 SF Class A industrial flex property in Daytona Beach, FL.
  • Located at the highly visible intersection of Bellevue Ave and I-95, with over 500,000 daily vehicle counts.
  • 11-year net lease with AT&T (credit-rated tenant), 4.1 years remaining, with two 5-year options at 3% annual rent increases.
  • Current annual NOI of $7,200, representing a 4.80% cap rate; asking price $149,999 ($9.68/SF).
  • 0.33-acre lot, zoned for general commercial and industrial use; built in 2020, 20 parking spaces per 1,000 SF.

Property Details for and Interstate 95 Bellvue Ave

Property type
Industrial properties, Flex space
Square Feet
15,500 SF
Class
A
Year Built
2020
Units
1

Location Insight

City
Daytona Beach
County
Volusia
State
Florida
Latitude
29.167485152259
Longitude
-81.082348341636
and Interstate 95 Bellvue Ave, Daytona Beach, Florida

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and Interstate 95 Bellvue Ave
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