Property 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.
Property Features
Feature Descriptions
Listed By / Shown By
Listed By
Agency Name: COMMERCIAL REAL ESTATE PROF IN
Agency Contact: 407-737-9797
Shown By
Agent Name: Jan Shields
Agent Phone: (904) 891-6331
Agency Title: Watson Realty Corp., REALTORS ®
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556 Mason Avenue | MLS# O6453154
This commercial property located at 556 Mason Avenue, Daytona Beach, FL 32117 is currently listed for sale with an asking price of $1,175,000. Search Daytona Beach real estate on www.janshields.com today.