Shoppes on Granada - Ormond Beach FL
17.78 AC Parcel | Signalized Hard Corner Off Interstate 95 (85,000 VPD)
Marketing description
Introducing a prime investment opportunity: the Shoppes on Granada at 1290, 1298 & 1310 W. Granada Boulevard in Ormond Beach, Florida. This three-building multi-tenant net lease property boasts a strategic location just off a signalized, hard corner intersection, with easy access from I-95. Featuring a total rentable area of 30,563 square feet on a vast 17.78-acre parcel, the Shoppes on Granada offer a diverse tenant mix including popular brands like Chipotle, Petco, and Panera Bread. With a net operating income of $826,181 and a cap rate of 6.00%, this property presents a strong investment opportunity. The recent lease extensions with tenants like Chipotle and Petco add to the property's appeal, making it a compelling choice for investors looking for a stable income stream and long-term growth potential.
Investment highlights
- Three-Building Net Lease | Long-Term Operating History | Strong Tenant Lineup | Chipotle & Petco - Recent Lease Extensions
- NNN Leases | Fee Simple Ownership | No State Income Tax | Limited Landlord Responsibilities
- Signalized, Hard Corner Intersection | Large 17.78-AC Parcel |Off Interstate 95 (85,500 VPD) | Excellent Visibility & Access
- Demographics In 5-mile Trade Area | Proximity to Daytona Beach
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