Nest Seekers

Commercial Real Estate Professionals, Inc.

556 MASON AVENUE
DAYTONA BEACH, FL 32117

Listing

Web ID:5825131
Website:https://www.nestseekers.com/5825131

Property

Ownership: Fee Simple
Type: mixed-use
Area: 7200 sq ft
Lot Size: 2.4 Acres

Financials

Price:$1,175,000
Annual Taxes:$9,696.38

Description

Commercial Real Estate Professionals, Inc. and Mark Allen, CCIM are pleased to present this stand-alone building for sale for a Direct Principal Buyer purchasing as an Investment Property with an 8.07 percent (+-) CAP RATE on a Long-Term Lease -- GREAT CASH FLOW!! This site is approved for commercial/automotive use, over 8,600(+-) SF total (Multiple buildings), and sits on over 2.4(+-) Acres with over $150,000(+-) in Renovations. The Existing Tenant has an 11-year NNN Lease currently at $7,906/month (2026), 3 percent annual escalation (excluding final year 2035). There is still over 9 years remaining on the Lease (11-year lease). The Lease is a NNN lease. Tenant pays property taxes and insurance. There is a 3 percent Annual Increases until 2034. There is no increase on the last year 2035 (rent is the same in 2035 as it is in 2034). Rent increases are in February of each year.
Virtual Tour: https://www.propertypanorama.com/instaview/stellar/O6453154

Amenities

  • Electricity Available
  • Phone Available
  • Water Connected

Location

556 MASON DAYTONA BEACH FL 32117 USA

Contact

Miami, FL
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Phone: +1 305-203-4555
Fax: +1 305-675-0745
jm@nestseekers.com
Listing Courtesy of COMMERCIAL REAL ESTATE PROF IN
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