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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
11565516
11565552

910 W International Speedway Boulevard, Daytona Beach, FL 32114

AM
FL SL3507121
Matthews
DG
FL SL3463209 (FL)
Matthews
BS
OH# 2018002569
Matthews
RG
OH - 2018005194
Matthews
Listed by Matthews
$2,588,071
1088 days on market
Updated 70 days ago

Curaleaf

Details
APN 5238-36-15-0110
Property Type Retail
Sub Type Pharmacy/Drug, Storefront
Square Footage 5,734
Cap Rate 7.21%
NOI $186,600
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 08/31/2029
Remaining Term 3.2
Rent Bumps Yes
Lease Options 2 x 5-Years
Price per SqFt $451
Broker Co-Op Yes
Year Built 1972
Buildings 1
Acreage 0.630
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/29/2019
Ground Lease No
Ownership Fee Simple

Retail | 7.21% CAP | 5,734 SqFt

Investment highlights

  • PORTFOLIO OVERVIEW - This property is part of a portfolio. The 5-unit Curaleaf portfolio is comprised of 4 Curaleaf retail locations and 1 industrial facility throughout Florida, New Jersey, and Massachusetts. The properties can be purchased as a portfolio or individually.

  • MASTER LEASES - Each of the five properties' coterminous master leases are tied together through a common thread-defined term provision whereby any option for renewal term on one asset may only be exercised if the option for renewal on the rest of the portfolio is also exercised simultaneously

  • ABSOLUTE NNN - There are zero landlord responsibilities, making it a great investment opportunity for a passive investor.

  • CORPORATE GUARANTEE - Curaleaf is one of the largest operators in the country, operating over 150 dispensaries and 28 cultivation sites across 19 states.

  • ATTRACTIVE RENTAL INCREASES - 3.00% Annual Rental Increases providing investors with a hedge against inflation.

Listing Contacts

AM
FL SL3507121
Matthews
DG
FL SL3463209 (FL)
Matthews
BS
OH# 2018002569
Matthews
RG
OH - 2018005194
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$186,600.00
$15,550.00/mo

Valuation Metrics

0
DSCR
7.21%
Cap Rate
7.21%
ROI

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Additional Information

Name
Kyle Matthews
License
BK3554632, CQ1066435 (FL)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Name
Alexander Machado
License
SL3507121
Name
Daniel Gonzalez
License
SL3463209 (FL)
Brokerage Phone
3053956972
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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