2100 International Speedway Blvd Daytona Beach, FL 32114-1219
- Turn key restaurants
- 4,550 SF
- 1.25 lot acres
Current Use by Public Records
- Hootie's Burger Bar / Restaurant / Take-out & Catering
- Hooters / Restaurant
Property Details for 2100 International Speedway Blvd
- Year built
- 1979
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.25 lot acres
- Property size
- 4,550 SF
- Zone code
- T4
- Property type
- Turn key restaurants
- APN
- 5215-01-00-0300
- APU
- 521501000300
Description
This exceptional investment opportunity presents a 4,606 square foot Hooters restaurant located at 2100 W International Speedway Blvd, Daytona Beach, FL 32114. Directly across from the Daytona International Speedway entrance, this property benefits from exceptional visibility and high traffic volume on International Speedway Blvd (45,500 VPD) and I-95 (78,500 VPD). The location is part of a thriving retail corridor with over 3 million square feet of retail within a one-mile radius, including national tenants such as Target, Home Depot, and a newly opened Costco. The property sits on a 1.24-acre lot and was built in 1979. This is a Net Lease (NNN) investment with a corporate guarantee from Hooters, offering significant long-term stability. The current lease, which commenced September 30, 2015, and expires August 31, 2035, has approximately 10.8 years remaining. The lease includes 8.5% rent increases every five years. The tenant is responsible for all property expenses, including roof, structure, parking lot, taxes, insurance, and utilities. The property boasts a strong NOI of $229,559 and a cap rate of 6.55%, making it an attractive investment in a prime Daytona Beach location, a major tourism hub with over 10 million annual visitors and a growing population. Daytona Beach's robust economy, fueled by tourism, motorsports, and a diverse range of businesses, further enhances the investment potential. The property's proximity to Daytona International Airport, which handles nearly 1,000 flights daily, adds to its strategic advantage.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,053,000
Market price range: $373k - $1.05M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $975,000 Current use
- WAREHOUSE, STORAGE
- $1,355,000 Change: +39% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,130,000 Change: +16% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $965,000 Change: -1% Conversion: Difficult
- MEDICAL BUILDING
- $890,000 Change: -9% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0759
- Latitude
- 29.1893
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
