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747 W International Speedway Blvd 2,214 SF Retail Building Daytona Beach, FL 32114 $499,000 ($225.38/SF) 8.42% Cap Rate
Investment Highlights
- New five-year Triple Net (NNN) lease provides immediate, stable investment income.
- Close proximity to Halifax Health Medical Center, downtown Daytona Beach, and numerous government and professional office users
- 3% annual rental escalations create built-in revenue growth and hedge against inflation
- 23,000 Average Annual Daily Traffic (AADT) provides exceptional exposure to local and tourist traffic.
- Just minutes from the Halifax River, Atlantic Ocean beaches, Ocean Walk Village, and the Daytona Beach Boardwalk, benefiting from strong tourism and v
- Excellent visibility with prominent building and roadside signage along W. International Speedway Boulevard (US 92)
Executive Summary
Positioned along one of Daytona Beach's most heavily traveled commercial
corridors, 747 W. International Speedway Boulevard presents an exceptional
investment opportunity featuring a new five-year Triple Net (NNN) lease with
3% annual rental escalations, providing investors with stable cash flow and
built-in income growth.
The property benefits from high-profile pylon and building signage along
International Speedway Boulevard (US 92), with traffic counts exceeding
23,000 vehicles per day (AADT). Its outstanding visibility and convenient
access make it an attractive long-term location for both tenants
and customers.
Strategically situated just minutes from Interstate 95, the property is centrally
located within the Daytona Beach market and enjoys close proximity to many
of the area's most significant demand generators. The site is located less than
two miles from Daytona International Speedway, home to the world-famous
Daytona 500 and numerous year-round motorsports and entertainment
events that attract hundreds of thousands of visitors annually. Nearby
institutions including Bethune-Cookman University, Daytona State College,
and Embry-Riddle Aeronautical University generate a substantial daytime
population of students, faculty, and staff, while Halifax Health Medical Center
and the downtown business district provide an additional employment base
corridors, 747 W. International Speedway Boulevard presents an exceptional
investment opportunity featuring a new five-year Triple Net (NNN) lease with
3% annual rental escalations, providing investors with stable cash flow and
built-in income growth.
The property benefits from high-profile pylon and building signage along
International Speedway Boulevard (US 92), with traffic counts exceeding
23,000 vehicles per day (AADT). Its outstanding visibility and convenient
access make it an attractive long-term location for both tenants
and customers.
Strategically situated just minutes from Interstate 95, the property is centrally
located within the Daytona Beach market and enjoys close proximity to many
of the area's most significant demand generators. The site is located less than
two miles from Daytona International Speedway, home to the world-famous
Daytona 500 and numerous year-round motorsports and entertainment
events that attract hundreds of thousands of visitors annually. Nearby
institutions including Bethune-Cookman University, Daytona State College,
and Embry-Riddle Aeronautical University generate a substantial daytime
population of students, faculty, and staff, while Halifax Health Medical Center
and the downtown business district provide an additional employment base
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,214 SF
Building Class
C
Year Built
1961
Price
$499,000
Price Per SF
$225.38
Cap Rate
8.42%
NOI
$42,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.40
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
02BA
Parking
20 Spaces (9.03 Spaces per 1,000 SF Leased)
Frontage
51’ on W International Speedway
Amenities
- Restaurant
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5339-76-03-0010 | Improvements Assessment | $134,299 |
| Land Assessment | $38,760 | Total Assessment | $173,059 |
Property Taxes
Parcel Number
5339-76-03-0010
Land Assessment
$38,760
Improvements Assessment
$134,299
Total Assessment
$173,059
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747 W International Speedway Blvd