556 MASON AVENUE, Daytona Beach, Florida, 32117
$1,175,000
7,200 Sqft
2.41 Acres
0 ba
#O6453154
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.
PROPERTY FEATURES
- Utilities : Electricity Available, Phone Available, Water Connected
- Water Access : 0
- Garage Spaces: 0
- Road Surface Type : Asphalt
- Cooling : Central Air
- Construction Materials : Block
PROPERTY DETAILS
ID: O6453154
Status: Active
Price: $1,175,000
Acres: 2.41 Acres
Price Per Acre: $487,552
Type: Other
Address: 556 MASON AVENUE
City, State: Daytona Beach, Florida
County: Volusia
Zip Code: 32117
Lat/Long: 29.225554, -81.035952
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