2079 LPGA Blvd - Freestanding FOR SALE


Daytona Beach, FL 32117
$1,833,000 USD
714-393-2552
2079 LPGA Blvd, Daytona Beach, FL for Sale
$1,833,000 USD
Freestanding - FOR SALE
1/5
null | 6% Cap Rate

2079 LPGA Blvd
Daytona Beach, FL 32117


HIGHLIGHTS

  • Brand New 20-Year Lease | Scheduled Increases | New Construction Options To Extend | Strong Operator
  • Rapidly Expanding Brand | Strong Investment & Leadership
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Near Tomoka Town Center (7.7M+ Visits) | National/Credit Tenants | Tanger Outlets (2.9M+ Visits) | Interstate-95 (79,000 VPD)
  • Dayton International Speedway | Large Tourism Sector | Direct Consumer Base
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, freestanding, 7 Brew Coffee investment property located in Daytona Beach, Florida. The tenant, 7 Ventures, Inc., recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1% annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. 7 Brew Coffee is a rapidly growing brand with over 229 locations throughout the country. 7 Venture, Inc., is a subsidiary of K-MAC, a proven QSR operator with hundreds of Taco Bell locations and currently 35+ 7 Brew Coffee locations in the Southeast and Midwest.

FOR SALE DETAILS

PRICE

$1,833,000 USD

PRICE/SF

$3,327 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

7 Brew | New 20yr Abs NNN Grd Lse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

Commercial

APN/PARCEL ID

5203-13-00-0031

ASK ABOUT THIS PROPERTY

Joe ChichesterSRS National Net LeaseMore Info
714-393-2552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Joe ChichesterSRS National Net LeaseMore Info
714-393-2552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.