Skip to main content

Miscellaneous

Greyhound Daytona Beach

138 S Ridgewood Ave, Daytona Beach, FL 32114

Listing Price: $1,300,000

Cap Rate
7.69%
Tenant Name
Greyhound Lines, Inc
Years Remaining On Lease
5.5
Guarantor
Corporate Guarantee
Rentable SF
1,456
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$68.68

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Greyhound, Daytona Beach (the “Property”), a 1,456-square-foot, singletenant, commercial building on just under an acre of land, in the heart of downtown Daytona Beach, Florida. The newly constructed Greyhound Bus Station was completed in 2022 and now represents a state-of-theart bus terminal. Greyhound has been a tenant at the location for over 20 years and has been operating in the city of Daytona Beach since the late
1940’s. At present, Greyhound has term through October 2029, with no options to extend thereafter.

Situated in the prime location of Daytona Beach, Florida, the newlyconstructed building has direct frontage to South Ridgewood Ave (US-1),which is one of the main north/south thoroughfares through downtownDaytona Beach. Over 30,000 cars per day pass by the Property on US-1 asthey commute to and from downtown. Greyhound Daytona Beach is less than three miles from the Daytona Beach International Airport, less thanfour miles from theDaytonaBeach International Speedway and less than two miles from Daytona’s beach - the “World’s Most Famous Beach.”

Investment Highlights

  • Strategic Location: World Famous Daytona Beach, Downtown Daytona, Daytona Beach International Airport and the Daytona International Speedway are all within four miles
  • Triple-Net Lease: Zero landlord responsibilities
  • State-of-the- Art Building: Brand new facility completed in 2022
  • Rare Investment Opportunity: Located in a market that has limited available inventory, limited vacancy and strong demand for commercial properties

Exclusively Listed By

Miscellaneous

Greyhound Daytona Beach

Listing Price: $1,300,000

Cap Rate
7.69%
Tenant Name
Greyhound Lines, Inc
Years Remaining On Lease
5.5
Guarantor
Corporate Guarantee
Rentable SF
1,456
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$68.68

Investment Highlights

  • Strategic Location: World Famous Daytona Beach, Downtown Daytona, Daytona Beach International Airport and the Daytona International Speedway are all within four miles
  • Triple-Net Lease: Zero landlord responsibilities
  • State-of-the- Art Building: Brand new facility completed in 2022
  • Rare Investment Opportunity: Located in a market that has limited available inventory, limited vacancy and strong demand for commercial properties

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Greyhound, Daytona Beach (the “Property”), a 1,456-square-foot, singletenant, commercial building on just under an acre of land, in the heart of downtown Daytona Beach, Florida. The newly constructed Greyhound Bus Station was completed in 2022 and now represents a state-of-theart bus terminal. Greyhound has been a tenant at the location for over 20 years and has been operating in the city of Daytona Beach since the late 1940’s. At present, Greyhound has term through October 2029, with no options to extend thereafter. Situated in the prime location of Daytona Beach, Florida, the newlyconstructed building has direct frontage to South Ridgewood Ave (US-1),which is one of the main north/south thoroughfares through downtownDaytona Beach. Over 30,000 cars per day pass by the Property on US-1 asthey commute to and from downtown. Greyhound Daytona Beach is less than three miles from the Daytona Beach International Airport, less thanfour miles from theDaytonaBeach International Speedway and less than two miles from Daytona’s beach - the “World’s Most Famous Beach.”

Exclusively Listed By

MM Texture Background
MM Textured Background Lower