K1 Speed Daytona Beach
ABSOLUTE NNN INVESTMENT | 7.0% GOING-IN CAP RATE | 52,300 SF
Marketing description
This investment delivers management-free cash flow through an absolute NNN lease with ~7 years remaining, expiring April 30, 2033. Contractual 3% annual rent increases grow NOI by about 30% over the term, while the cap rate rises from 7.03% to a 7.70% average, offering strong yield relative to traditional retail. The lease is backed by K1 Speed Inc., who has invested roughly $8 million into specialized improvements reinforcing their commitment to this location. Situated in Volusia County’s high-traffic tourism market and positioned along Daytona Beach’s key corridor with access to I-95 and I-4, the property benefits from strong demand, repeat visitation, and a high-barrier-to-entry experiential use that supports long-term occupancy.
Investment highlights
K1 Speed is a leading operator in the rapidly growing location-based entertainment sector, delivering high-traffic, destination-oriented experiences across a national footprint.
- Positioned in Volusia County, one of Florida’s top tourism markets with 4.5 million visitors in 2024
- Experiential concept driving repeat visitation, long dwell times, and broad demographic appeal
- Significant capital investment makes relocation economically impractical, reinforcing long-term occupancy
- National platform with continued expansion, backed by corporate guaranty from K1 Speed Inc.
- Location adjacent to Daytona International Speedway, benefiting from motorsports, tourism and destination traffic
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