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Shoppes on Granada - Ormond Beach FL 1290-1310 W Granada Blvd 17,485 SF 100% Leased 4-Star Retail Building Ormond Beach, FL 32174 $19,221,819 CAD ($1,099.33 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Three-Building Net Lease | Long-Term Operating History | Strong Tenant Lineup | Chipotle & Petco - Recent Lease Extensions
- Signalized, Hard Corner Intersection | Large 17.78-AC Parcel | Off Interstate 95 (85,500 VPD) | Excellent Visibility & Access
- NNN Leases | Fee Simple Ownership | No State Income Tax | Limited Landlord Responsibilities
- Demographics In 5-mile Trade Area | Proximity to Daytona Beach
EXECUTIVE SUMMARY
• Opportunity to acquire Shoppes on Granada, a three-building multi-tenant net lease investment opportunity
• Strong tenant lineup that features Chipotle, The Bronx Brothers, Mattress Firm, Petco, AT&T, Aspen Dental, and Panera Bread
• Mattress Firm ranks in the 73rd percentile (509 out of 1,933) of all nationwide locations (Placer.ai)
• The tenants have proven successful at this location with long operating histories
• Chipotle and Petco recently signed lease extensions, furthering commitment to
the site
• Strong tenant lineup that features Chipotle, The Bronx Brothers, Mattress Firm, Petco, AT&T, Aspen Dental, and Panera Bread
• Mattress Firm ranks in the 73rd percentile (509 out of 1,933) of all nationwide locations (Placer.ai)
• The tenants have proven successful at this location with long operating histories
• Chipotle and Petco recently signed lease extensions, furthering commitment to
the site
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
17,485 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Price
$19,221,819 CAD
Price Per SF
$1,099.33 CAD
Cap Rate
6%
NOI
$1,153,283 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
17.78 AC
Zoning
Commercial
Parking
140 Spaces (8.01 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Restaurant
- Signalized Intersection
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $7,451,516 CAD | |
| Land Assessment | $2,135,458 CAD | Total Assessment | $9,586,974 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,135,458 CAD
Improvements Assessment
$7,451,516 CAD
Total Assessment
$9,586,974 CAD
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Shoppes on Granada - Ormond Beach FL | 1290-1310 W Granada Blvd
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