Small Investor Offering - Greyhound NNN Lease Investment-8.4+%

138 S Ridgewood Ave Daytona Beach, FL 32114

138 S Ridgewood Ave, Daytona Beach, FL, 32114
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FOR SALE
Property Type:
Other Hospitality
Amount:
$1,190,000
Last Verified:
Nov 19, 2024

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Description

Greyhound NNN Lease - State of the Art 2022 Construction
Strategically Located in Downtown Daytona Beach, FL
Minimal Landlord Responsibilities - Lease Extension Through 10/20/2029
No Extension Options Available
3.5% Annual Base Rent Increases - 8.4+% Cap Rate At Acquisition
1,456 SF Bus Terminal on 0.86 Acres
Greyhound Has Been a Tenant at This Location for Over 20 Years
Just South of New Wawa and International Speeday Blvd
Ongoing Environmental Monitoring on Site - See Attached

Just South of International Speedway Blvd on the West Side of US Highway 1


Year Built: 2022
Building Size: 1456sq ft
Building Class: C
Lot Size: 0.87 acres


Documents

Greyhound Daytona - Brochure (L)
138 S Ridgewood-Tax Records.pdf
138 Ridgewood-Construction Plans
060. ALTA Survey_300795528_1.PDF
Phase_II_Report_-_138_South_Ridgewood_Avenue,_Daytona_Beach,_FL_08.11.22.pdf
Environmental.Anticipated Costs.png
Additional_Site_Assessment_Report_-_138_South_Ridgewood_Avenue,_Daytona_Beach,_FL_12.22.23.pdf

Map of 138 S Ridgewood Ave, Daytona Beach, FL, 32114

Presented by:
SVN | Alliance Commercial Real Estate Advisors

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Carl Lentz


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