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128 S Atlantic Ave 3,400 SF Retail Building Daytona Beach, FL 32118 $1,600,000 ($470.59/SF)
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,400 SF
Building Class
B
Year Built
2022
Price
$1,600,000
Price Per SF
$470.59
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.33
Lot Size
0.23 AC
Zoning
MPUD - MPUD (Mixed Use PUD)
Parking
17 Spaces (5.23 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5304-01-04-0161 | Improvements Assessment | $431,194 |
| Land Assessment | $140,456 | Total Assessment | $571,650 |
Property Taxes
Parcel Number
5304-01-04-0161
Land Assessment
$140,456
Improvements Assessment
$431,194
Total Assessment
$571,650
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128 S Atlantic Ave
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