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$ 2,490,000
Est. payment | /mo
3,995 SqFt
$ 2,490,000
Est. payment | /mo
3,995 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,995 sqft
Price per Sqft $623
MLS Listing ID 1228971
Property Sub-Type Retail
Source Daytona Beach Area Association of REALTORS®
Property Description
Sherwin-Williams (NYSE: SHW) built 2024.
Corporate-guaranteed, single-tenant net lease investment.
Freestanding 3,995 SF building on 0.84+/- Acres.
The 10-year initial term backed by six 5-year renewal options for up to 40 years of income potential.
10% rent bumps every five years, providing a growing, passive income stream.
The asset sits on Clyde Morris Blvd in Port Orange, a 24,000 AADT corridor through the fast-growing Daytona Beach MSA, alongside national tenants including Walmart Neighborhood Market, Cumberland Farms Gas/Conv, Mister Car Wash, Dunkin', Jimmy John's, SouthState Bank, McDonalds, Conviva Care Center, 7-Eleven, Surterra, and Surgery Center of Volusia - with new residential and multifamily development continuing to feed the trade area. Sherwin-Williams - corporate-guaranteed, single-tenant NNN investment
10-year term + six 5-year options (up to 40 years)
10% rent bumps every 5 years for growing passive income
24,000 AADT corridor near national tenants and new residential growth
Corporate-guaranteed, single-tenant net lease investment.
Freestanding 3,995 SF building on 0.84+/- Acres.
The 10-year initial term backed by six 5-year renewal options for up to 40 years of income potential.
10% rent bumps every five years, providing a growing, passive income stream.
The asset sits on Clyde Morris Blvd in Port Orange, a 24,000 AADT corridor through the fast-growing Daytona Beach MSA, alongside national tenants including Walmart Neighborhood Market, Cumberland Farms Gas/Conv, Mister Car Wash, Dunkin', Jimmy John's, SouthState Bank, McDonalds, Conviva Care Center, 7-Eleven, Surterra, and Surgery Center of Volusia - with new residential and multifamily development continuing to feed the trade area. Sherwin-Williams - corporate-guaranteed, single-tenant NNN investment
10-year term + six 5-year options (up to 40 years)
10% rent bumps every 5 years for growing passive income
24,000 AADT corridor near national tenants and new residential growth
Location
State FL
County Volusia
Direction Located on the east side of Clyde Morris Boulevard between Reed Canal Road and Richel Drive.
Exterior
Parking Features Other
Building
Lot Description Other
Others
Senior Community No
Tax ID 630619000030
Listed by SVN Alliance Commercial Real Estate Advisors