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3685 Clyde Morris Blvd 3,995 SF Retail Building Port Orange, FL 32129 $2,490,000 ($623.28/SF) 5.78% Cap Rate
Investment Highlights
- Sherwin-Williams - corporate-guaranteed, single-tenant net lease investment
- 10% rent bumps every 5 years for growing passive income
- 10-year term + six 5-year options (up to 40 years)
- 24,000 AADT corridor near national tenants and new residential growth
Executive Summary
Corporate-guaranteed, single-tenant net lease investment.
Freestanding 3,995 SF building on 0.84+/- Acres.
The 10-year initial term backed by six 5-year renewal options for up to 40 years of income potential.
10% rent bumps every five years, providing a growing, passive income stream.
The asset sits on Clyde Morris Blvd in Port Orange, a 24,000 AADT corridor through the fast-growing Daytona Beach MSA, alongside national tenants including Walmart Neighborhood Market, Cumberland Farms Gas/Conv, Mister Car Wash, Dunkin', Jimmy John's, SouthState Bank, McDonalds, Conviva Care Center, 7-Eleven, Surterra, and Surgery Center of Volusia - with new residential and multifamily development continuing to feed the trade area.
LOCATION OVERVIEW
Located on the east side of Clyde Morris Boulevard between Reed Canal Road and Richel Drive.
Property Facts
Amenities
- Dedicated Turn Lane
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Manufacturing
- -
- -
- Triple Net
- Nov 2034
Founded in 1866 by Henry Sherwin and Edward Williams in Cleveland, Sherwin-Williams grew from a paint business into a global company focused on paints, coatings, stains, and related products. The company serves professional, industrial, commercial, and consumer customers through manufacturing, distribution, and retail channels. Its portfolio includes architectural paints, protective and marine coatings, automotive finishes, and wood finishing products. Sherwin-Williams markets products under brands such as Valspar, Krylon, Minwax, Cabot, Dutch Boy, and HGTV HOME by Sherwin-Williams, reflecting a broad presence across multiple coatings and home-improvement verticals.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Manufacturing | - | - | Triple Net | Nov 2034 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 6306-19-00-0030 | Improvements Assessment | $592,432 |
| Land Assessment | $369,265 | Total Assessment | $961,697 |
Property Taxes
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3685 Clyde Morris Blvd
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