15 Charles Richard Beall Blvd Debary, FL 32713-2505

Property Details for 15 Charles Richard Beall Blvd

Year built

2008

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.00 lot acres

Property size

14,853 SF

Property type

Retail space

APN

8027-14-00-0010

APU

802714000010

Description

This exceptional investment opportunity presents a fee-simple, single-tenant Walgreens located at 15 N Charles Richard Beall Blvd, DeBary, FL 32713. The 14,820 square foot property, built in 2008, sits on a 2-acre lot and boasts a strong 7.00% cap rate, generating a net operating income (NOI) of $405,000. The absolute NNN lease with Walgreens extends to April 30, 2033, leaving approximately 8.4 years remaining, eliminating all landlord responsibilities. The asking price is $5,785,714, translating to a price per square foot of $390.40. This prime retail location benefits from high visibility on a signalized intersection with approximately 29,000 vehicles per day, and its proximity to Interstate 4 (over 130,000 vehicles daily) further enhances its accessibility. The property's strategic position within a medical corridor, near the Debary Health and Rehabilitation Center (120 beds), a VA clinic, and Florida Hospital Fish Memorial Hospital, ensures a consistent customer base. The area's robust demographics, with a 5-mile radius population of approximately 87,636 and an average household income of $71,763, contribute to the property's long-term viability. Furthermore, the presence of a nearby Amazon fulfillment center and a planned second facility, along with a new industrial park, signifies significant growth potential in the area. The existing financing, available for assumption at a below-market rate, presents an added advantage for potential buyers.

Location Insight

City

Debary

County

Volusia

State

Florida

Longitude

-81.306

Latitude

28.8907

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments