Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a class A multi-tenant retail center located directly across from Daytona International Speedway seeing hundreds of thousands of visitors each year . The center is 100% occupied and generates a year 1 NOI of $403,893, with average rents of $33.64 per square foot. Offered at a 6.00% cap rate, the investment delivers a projected 6.09% Year 1 total return with structured rent increases and renewal options supporting long-term income growth. Recent capital improvements include a roof reseal in 2024, reducing near-term capital expenditure exposure. The tenant lineup includes nationally recognized brands such as Verizon and AYR Cannabis, along with Tijuana Flats and Korean BBQ, providing diversified income across retail and restaurant uses. The property operates under NNN lease structures, limiting landlord responsibilities. Strategically positioned directly across from Daytona International Speedway and along a primary commercial corridor with more than 40,000 VPD, the property benefits from consistent daily traffic as well as significant event-driven demand throughout the year. The surrounding trade area is supported by more than 125,000 residents within a five-mile radius and steady population growth. Daytona International Speedway generates approximately $800 million in annual economic impact, attracting hundreds of thousands of visitors each year and serving as the primary driver of tourism and commercial activity in the Daytona Beach market. Its scale, national reach, and consistent event calendar create ongoing demand that benefits the entire surrounding retail and hospitality corridor.