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299 Bill France Blvd
Daytona Beach, FL 32114
Truist Bank · Retail Property For Sale

Investment Highlights

  • Absolute Triple Net (NNN) Lease | ~9 Years Remaining
  • Investment Grade Tenant | A- Rating (S&P)
  • In 2016, SunTrust Bank Executed its Renewal Option Early & Extended the Term of the Lease by 10 Years
  • Attractive 1.5% Annual Rental Increases
  • Six (6), Five (5)-Year Tenant Renewal Options
  • Corporate Tenant | Corporate Guarantee

Property Facts

Property Type
Retail
Property Subtype
Bank
Building Size
4,181 SF
Building Class
C
Year Built
1982
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.17 AC
Zoning
02BR2
Parking
32 Spaces
Frontage
263’ on Bill France Blvd

Amenities

  • Banking
  • Bus Line
  • Pylon Sign
  • Signage
  • Drive Thru

About 299 BILL FRANCE BLVD , DAYTONA BEACH, FL 32114

The subject investment property is situated on Bill France Boulevard which boasts an average daily traffic count exceeding 13,920 vehicles. Bill France Boulevard intersects with West International Speedway Boulevard which brings an additional 50,000 vehicles into the immediate area per day. There are more than 45,487 individuals residing within a three-mile radius of the subject property and more than 112,106 individuals within a five-mile radius of the property. The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and universities all within close proximity of this property. Major national tenants include: Macy’s, Sears, Dillard's, Best Buy, Barnes & Noble, Target, The Home Depot, T.J. Maxx, Staples, Dick’s Sporting Goods, Old Navy, Bed Bath & Beyond, Bass Pro Shops, Hobby Lobby, Dollar Tree, Starbucks, Jersey Mike’s subs, Chick-fil-A, Chipotle Mexican Grill, Taco Bell, Dunkin’ Donuts, Red Lobster, and many more. This subject property is located right outside of the Daytona International Speedway, home to the Daytona 500, the most prestigious race in NASCAR. This race track seats over 101,500 people and experiences more than 200,000 visitors annually. This Truist Bank benefits from its close proximity to several academic institutions, most notable of which is Daytona State College, located less than two miles from the subject property. Daytona State College has a total enrollment exceeding 16,555 students. The subject property is also located less than a mile from the Daytona Beach International Airport where more than 800,000 passengers fly into annually. Daytona Beach is a city in Volusia County, Florida, located 51 miles northeast of Orlando, 68 miles southeast of Jacksonville, and 242 miles northwest of Miami. The city is historically known for its beach where the hard-packed sand allows motorized vehicles to drive on the beach in restricted areas. This hard-packed sand has made Daytona Beach a mecca for motorsports, and the old Daytona Beach Road Course hosted races for over 50 years. This was replaced in 1959 by Daytona International Speedway. Daytona Beach hosts large groups of out-of-towners that descend upon the city for various events, notably Speedweeks, when over 200,000 NASCAR fans come to attend the season-opening of the Daytona 500. Daytona is also the headquarters for NASCAR. Although, Daytona Beach’s economy is primarily based off of tourism, other industries in the area include manufacturing. The city has industrial sites with an enterprise zone and sites within a foreign trade zone. Daytona’s strategic location along the ocean along with both I-4 and I-95 crossing through the city allow for easy access to road, air, rail and water transportation.

Property Taxes

Property Taxes

Parcel Number
5214-00-00-0067
Land Assessment
$375,360
Improvements Assessment
$468,726
Total Assessment
$844,086
  • Listing ID: 16691897

  • Date on Market: 7/23/2019

  • Last Updated:

  • Address: 299 Bill France Blvd, Daytona Beach, FL 32114

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