Shopping Strip
Gulfstream Village
4647 S Clyde Morris Blvd, Port Orange, FL 32129
Listing Price: $2,275,000
Investment Overview
Gulfstream Village is a 11,847 SF multi-tenant retail condo ideally positioned along Clyde Morris
Boulevard in the heart of Port Orange, one of Volusia County’s fastest growing and most stable
commercial submarkets. Constructed in 2004 and carefully maintained, the property offers
investors a combination of steady income, below-market rent upside, and long-term growth
fundamentals in a high-demand corridor. The property is 100% occupied by a synergistic tenant
mix which is primarily service based tenants (chiropractor, cosmetology, liquor store, and
restaurant). All tenants operate under longer-term NNN lease structures, removing operating
expense exposure and enhancing income reliability for a new owner. Current in-place rents
average approximately $13.80/SF, which is materially below the submarket average of
$21.00/SF, providing a clear mark-to-market opportunity through future lease rollovers and
renewals. Situated on a corner lot with approximately 204 feet of frontage on Clyde Morris
Boulevard (22,000+ VPD) and secondary frontage on Herbert Street, the property bene?ts from
being part of a destination commercial condominium with solid visibility. The combination of
strong asset fundamentals, favorable demographic trends, and consistent daytime
employment provide a solid foundation for sustained tenant performance and long-term retail
demand at this center.
Investment Highlights
- Longer term NNN leases ensure Reliability and reduce Landlord responsibility
- Below Market Rents offer long-term upside for a new investor (base rent average is $13.80/SF, submarket average is $21/SF)
- High Growth Area with already strong Demos (9,600 people in a 1-mile radius, 69,000 in a 3-mile radius) and projected to grow an additional 10% the next 5 years
- Exceptional property condition- building was built in 2004 and has remained in excellent condition
- A diverse tenant mix within the strip center, complemented by its location within a larger condominium association anchored by destination tenants, creates a highly synergistic retail environment
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Financing By
Listing Price: $2,275,000
Investment Highlights
- Longer term NNN leases ensure Reliability and reduce Landlord responsibility
- Below Market Rents offer long-term upside for a new investor (base rent average is $13.80/SF, submarket average is $21/SF)
- High Growth Area with already strong Demos (9,600 people in a 1-mile radius, 69,000 in a 3-mile radius) and projected to grow an additional 10% the next 5 years
- Exceptional property condition- building was built in 2004 and has remained in excellent condition
- A diverse tenant mix within the strip center, complemented by its location within a larger condominium association anchored by destination tenants, creates a highly synergistic retail environment
Investment Overview
Gulfstream Village is a 11,847 SF multi-tenant retail condo ideally positioned along Clyde Morris Boulevard in the heart of Port Orange, one of Volusia County’s fastest growing and most stable commercial submarkets. Constructed in 2004 and carefully maintained, the property offers investors a combination of steady income, below-market rent upside, and long-term growth fundamentals in a high-demand corridor. The property is 100% occupied by a synergistic tenant mix which is primarily service based tenants (chiropractor, cosmetology, liquor store, and restaurant). All tenants operate under longer-term NNN lease structures, removing operating expense exposure and enhancing income reliability for a new owner. Current in-place rents average approximately $13.80/SF, which is materially below the submarket average of $21.00/SF, providing a clear mark-to-market opportunity through future lease rollovers and renewals. Situated on a corner lot with approximately 204 feet of frontage on Clyde Morris Boulevard (22,000+ VPD) and secondary frontage on Herbert Street, the property bene?ts from being part of a destination commercial condominium with solid visibility. The combination of strong asset fundamentals, favorable demographic trends, and consistent daytime employment provide a solid foundation for sustained tenant performance and long-term retail demand at this center.
Exclusively Listed By
Financing By