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3616 S Atlantic Ave 2,325 SF 100% Leased Retail Building Daytona Beach Shores, FL 32118 $1,000,000 ($430.11/SF) 5.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Across the street from multiple high rise oceanfront condominiums
- 6 suites currently occupied by 3 tenants provides increased revenue potential, if subdivided
- Proximity to numerous national retailers
- Potential re-development for single tenant paying increased NOI
EXECUTIVE SUMMARY
2,352± SF shopping center which fronts Atlantic Avenue, the north/south artery for all Atlantic Ocean-front properties
One block from the ocean
3 blocks from Dunlawton Ave, which is the only Halifax River crossover to US 1 major retail and office developments for miles
One block from the ocean
3 blocks from Dunlawton Ave, which is the only Halifax River crossover to US 1 major retail and office developments for miles
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,325 SF
Building Class
C
Year Built
1977
Price
$1,000,000
Price Per SF
$430.11
Cap Rate
5.60%
NOI
$55,981
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.20 AC
Zoning
Commercial - Shopping Center
Parking
15 Spaces (6.45 Spaces per 1,000 SF Leased)
Frontage
85’ on Atlantic Ave
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Gidget and Duke's Café
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Gidget and Duke's Café | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6302-03-01-0013 | Improvements Assessment | $195,458 |
| Land Assessment | $73,631 | Total Assessment | $269,089 |
PROPERTY TAXES
Parcel Number
6302-03-01-0013
Land Assessment
$73,631
Improvements Assessment
$195,458
Total Assessment
$269,089
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3616 S Atlantic Ave
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