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K1 Speed Daytona Beach 2455 W International Speedway Blvd 52,300 SF Retail Building Daytona Beach, FL 32114 $6,900,000 ($131.93/SF) 7.03% Cap Rate
Investment Highlights
- Positioned in Volusia County, one of Florida’s top tourism markets with 4.5 million visitors in 2024
- Significant capital investment makes relocation economically impractical, reinforcing long-term occupancy
- Location adjacent to Daytona International Speedway, benefiting from motorsports, tourism and destination traffic
- Experiential concept driving repeat visitation, long dwell times, and broad demographic appeal
- National platform with continued expansion, backed by corporate guaranty from K1 Speed Inc.
- Average cap rate of 7.70% over lease term
Executive Summary
K1 Speed is a leading operator in the rapidly growing location-based entertainment sector, delivering high-traffic, destination-oriented experiences across a national footprint. This investment delivers management-free cash flow through an absolute NNN lease with ~7 years remaining, expiring April 30, 2033. Contractual 3% annual rent increases grow NOI by about 30% over the term, while the cap rate rises from 7.03% to a 7.70% average, offering strong yield relative to traditional retail. The lease is backed by K1 Speed Inc., who has invested roughly $8 million into specialized improvements reinforcing their commitment to this location. Situated in Volusia County’s high-traffic tourism market and positioned along Daytona Beach’s key corridor with access to I-95 and I-4, the property benefits from strong demand, repeat visitation, and a high-barrier-to-entry experiential use that supports long-term occupancy.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
52,300 SF
Building Class
B
Year Built/Renovated
1986/2020
Price
$6,900,000
Price Per SF
$131.93
Cap Rate
7.03%
NOI
$485,172
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
4.01 AC
Zoning
C - Commercial
Frontage
281’ on U.S. 92
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Speedway Indoor Karting
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Speedway Indoor Karting | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5222-11-00-0030 | Improvements Assessment | $4,459,943 |
| Land Assessment | $627,264 | Total Assessment | $5,087,207 |
Property Taxes
Parcel Number
5222-11-00-0030
Land Assessment
$627,264
Improvements Assessment
$4,459,943
Total Assessment
$5,087,207
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