556 Mason Avenue, Daytona Beach, FL 32117

$1,175,000
7,200
SqFt
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Listing courtesy of COMMERCIAL REAL ESTATE PROF IN. 407-737-9797

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List Price
$1,175,000
Status
ACTIVE
Days on Market
2
MLS#
O6453154
Subtype
Commercial Sale
Year Built
1953
Living Area
7,200
Lot Size
105,053
Acres
2.41
Subdivision
Mason & Carswells Holly Hill
MLS Area Major
Daytona Beach
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Property Description

We are pleased to present this stand-alone building for sale for a Direct Principal Buyer purchasing as an Investment Property with an 8.07Prcnt (+-) 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), 3prcnt 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 3prcnt 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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Additional Information

Financing
Lease Back
Community Features
No Deed Restriction
Air Conditioning
Central Air
Exterior Construction
Block
Stories
1
Foundation
Block
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