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128 S Atlantic Ave 3,400 SF Retail Building Daytona Beach, FL 32118 $2,201,728 CAD ($647.57 CAD/SF)
Investment Highlights
- 2022 new construction — zero CapEx, zero deferred maintenance
- $7,000/month in-place rent
- Two (2) five-year renewal options — 13+ years total
- 100% occupied — long-term tenant in place
- NNN lease at renewal with 3.5% annual escalation
- 1031 exchange eligible
Executive Summary
Brand new retail building delivered December 2022, fully occupied and cash-flowing on Day 1. Located directly on South Atlantic Avenue (A1A) — Daytona Beach's highest-traffic beachside commercial corridor — this is a low-risk, hands-off investment with a long-term tenant already in place.
$7,000/month | $84,000/year current rent. 3-year lease in place with two (2) renewal options of 5 years each. At renewal: $7,000/month Triple Net (NNN) with 3.5% annual escalation — tenant responsible for taxes, insurance & maintenance. Total potential lease term: 13+ years of tenant retention.
2022 new construction — no deferred maintenance, no near-term CapEx. Prime A1A frontage with walk-in tourist and local traffic. Access from both S. Atlantic Ave and Coates Street. Private rear parking on site.
12 min to Daytona International Airport | 18 min to I-95. Adjacent to Ocean Center, Ocean Walk Shoppes, Hard Rock Hotel, and Daytona's entertainment district. Daytona Beach commercial property values up 102% YoY. Projected local job growth of 43.3% — well above the national average.
Ideal for a 1031 exchange buyer or passive income investor seeking new construction with no management burden.
$7,000/month | $84,000/year current rent. 3-year lease in place with two (2) renewal options of 5 years each. At renewal: $7,000/month Triple Net (NNN) with 3.5% annual escalation — tenant responsible for taxes, insurance & maintenance. Total potential lease term: 13+ years of tenant retention.
2022 new construction — no deferred maintenance, no near-term CapEx. Prime A1A frontage with walk-in tourist and local traffic. Access from both S. Atlantic Ave and Coates Street. Private rear parking on site.
12 min to Daytona International Airport | 18 min to I-95. Adjacent to Ocean Center, Ocean Walk Shoppes, Hard Rock Hotel, and Daytona's entertainment district. Daytona Beach commercial property values up 102% YoY. Projected local job growth of 43.3% — well above the national average.
Ideal for a 1031 exchange buyer or passive income investor seeking new construction with no management burden.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,400 SF
Building Class
B
Year Built
2022
Price
$2,201,728 CAD
Price Per SF
$647.57 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.33
Lot Size
0.23 AC
Zoning
MPUD - MPUD (Mixed Use PUD)
Parking
17 Spaces (5.23 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5304-01-04-0161 | Improvements Assessment | $593,064 CAD |
| Land Assessment | $193,183 CAD | Total Assessment | $786,247 CAD |
Property Taxes
Parcel Number
5304-01-04-0161
Land Assessment
$193,183 CAD
Improvements Assessment
$593,064 CAD
Total Assessment
$786,247 CAD
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128 S Atlantic Ave
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