3741 Clyde Morris Blvd Port Orange, FL 32129-2319
- Retail space
- 9,196 SF
- 1.40 lot acres
Current Use by Public Records
- Retail space
Property Details for 3741 Clyde Morris Blvd
- Year built
- 2010
- Construction
- WOOD
- Lot size
- 1.40 lot acres
- Property size
- 9,196 SF
- Property type
- Retail space
- APN
- 6306-18-00-1000
- APU
- 630618001000
Description
This exceptional investment opportunity presents a fee-simple, 9,526 square foot Dollar General located at 3741 S Clyde Morris Blvd, Port Orange, FL 32129. The property, built in 2010, sits on a 1.4-acre lot and benefits from a high-traffic location with over 28,500 vehicles per day. The Absolute NNN lease, with a corporate guarantee, has a remaining term of approximately 5.8 years, plus three five-year options with 10% rent increases each term. The current annual net operating income (NOI) is $155,370, representing a 6.50% cap rate on the $2,390,308 asking price ($250.92/sq ft). The single-story building is zoned RPUD and is a top-performing store, ranking in the 63rd percentile nationally according to Placer AI. This investment offers a strong residual value due to its distinctive architectural design and oversized lot. The property is part of the Daytona Beach MSA, a growing area with easy access to I-95 and US Highway 1. The tenant, Dollar General Corporation (NYSE: DG), operates over 18,000 stores nationwide, providing significant financial stability and a low-risk investment profile. This is a rare opportunity to acquire a well-performing, long-term net-leased property with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Port Orange
- County
- Volusia
- State
- Florida
- Longitude
- -81.0344
- Latitude
- 29.1451
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
