4831 Clyde Morris Blvd Port Orange, FL 32129-4185
- Auto shops
- 3,680 SF
- 0.76 lot acres
Sep 09, 2024
Current Use by Public Records
- Auto shops
Property Details for 4831 Clyde Morris Blvd
- Year built
- 1997
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.76 lot acres
- Property size
- 3,680 SF
- Property type
- Auto shops
- APN
- 6317-18-00-0022
- APU
- 631718000022
Description
This exceptional investment opportunity presents a sale-leaseback of a recently renovated (2024) 3,736-square-foot Mavis Tires & Brakes retail property located at 4831 Clyde Morris Blvd, Port Orange, FL 32129. The property sits on a 0.76-acre lot and includes 20 parking spaces. The absolute NNN lease with Mavis Discount Tires boasts a 20-year term with six 5-year renewal options, each featuring a 5% rent increase. The current annual net operating income (NOI) is $157,000, representing a 5.50% capitalization rate on the $2,854,545 asking price ($764.06 per square foot). The property benefits from its prime location, boasting excellent visibility and high traffic counts due to its proximity to major roadways, including Clyde Morris Boulevard (22,000 vehicles per day), Dunlawton Avenue (54,500 VPD), and I-95 (78,500 VPD). The surrounding area is a thriving retail and commercial corridor with numerous national tenants. This sale-leaseback offers a strong, stable investment with significant upside potential due to the long-term lease, built-in rent escalations, and the tenant's strong financial performance. The building was originally constructed in 1997 and enjoys 100% occupancy. This is a turnkey investment with minimal landlord responsibilities.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Port Orange
- County
- Volusia
- State
- Florida
- Longitude
- -81.0233
- Latitude
- 29.118
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
