556 MASON Avenue, Daytona Beach, FL 32117
sale
$1,175,000
|
Other
Courtesy Of Commercial Real Estate Professionals, Inc.
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.
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Property Features
- Age: Over 50 Years Old
- Cooling System: Central Air
- Exterior Type: Block
- Floors: 1
- Legal Description: 37-15-33 W 1/4 OF LOT 1 S OF DITCH EXC ST BLK 34 MASON & CARSWELLS HOLLY HILL MB 2 PG 90 MB 12 PGS 3-4 PER OR 4536 PG 3092 PER OR 6614 PG 4579 PER OR 8278 PG 0640 PER OR 8456 PG 2958 PER OR 8666 PG 3667
- MLSID: O6453154
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