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Bojangles - Daytona Beach FL 1956 Lpga Blvd 3,138 SF Retail Building Daytona Beach, FL 32117 $3,400,000 ($1,083.49/SF) 5% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Corporate Signature | Options To Extend | 10% Rent Bumps | Established Tenant
- Daytona Beach, FL - New Developments
- Demographics 5-Mile Trade Area | Significant Population Growth
- Absolute NNN Ground Lease | Land Ownership | No State Income Tax Zero Landlord Responsibilities
- Prime Trade Area | Integrated Within Master-Plan | +15,000 Residential Units In Immediate Trade Area
Executive Summary
• Brand new 15-year lease with 4 (5-year) options to extend
• The lease feature 10% rent increases every 5 years throughout the initial term and at the beginning of each option
• Founded in 1977 as a single location in Charlotte, the beloved brand has grown to more than 880 company-owned and franchised restaurants in 22 states
• The lease feature 10% rent increases every 5 years throughout the initial term and at the beginning of each option
• Founded in 1977 as a single location in Charlotte, the beloved brand has grown to more than 880 company-owned and franchised restaurants in 22 states
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,138 SF
Building Class
C
Year Built
2026
Price
$3,400,000
Price Per SF
$1,083.49
Cap Rate
5%
NOI
$170,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.34 AC
Zoning
PD-G - Planned Development - General
Parking
40 Spaces (12.75 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
- Monument Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5203-18-00-0040 | Improvements Assessment | $789,718 |
| Land Assessment | $1,171,760 | Total Assessment | $1,961,478 |
Property Taxes
Parcel Number
5203-18-00-0040
Land Assessment
$1,171,760
Improvements Assessment
$789,718
Total Assessment
$1,961,478
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Bojangles - Daytona Beach FL | 1956 Lpga Blvd
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