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32667454

South Nova Road, South Daytona, FL 32119

JS
CA 02074212
CrownPoint Partners
DB
CA 02108110
CrownPoint Partners
Listed by CrownPoint Partners
$5,000,000
38 days on market
Updated 34 days ago

THE NEIGHBORHOOD CLINIC · DAYTONA BEACH

Details
Property Type Retail, Office
Sub Type Medical Office
Square Footage 20,456
Net Rentable (SqFt) 20,000
Units 39
Cap Rate 7.7%
NOI $385,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 30
Remaining Term 30
Rent Bumps Yes
Lease Options 4-5
Year Built 2005
Year Renovated 2026
Buildings 1
Acreage 1.450
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

Fully Guaranteed by The Neighborhood Clinic Corporate Entity Backed by a $65 Million Endowment

Marketing description

• Strategically Located Directly on One of Daytona Beach’s Primary Commercial Corridors with Approximately 52,000 Vehicles Per Day Providing Strong Visibility and Exposure

• Positioned Just South of International Speedway Boulevard, Offering Convenient Access to Daytona Beach’s Major Retail, Tourism, and Business Districts

• Located Within an Active Redevelopment Corridor Benefiting from Continued Revitalization Efforts, New Investment Activity, and Growing Mixed-Use Development

• Excellent Connectivity to Downtown Daytona Beach, Daytona Beach International Airport, Interstate 95, and Major Regional Thoroughfares

• Surrounded by National Retailers, Restaurants, Healthcare Providers, and Hospitality Uses That Drive Consistent Daily Traffic to the Area

• Daytona Beach Continues to Experience Growth in Residential Development, Tourism, and Commercial Investment, Supporting Long-Term Demand for Well-Located Real Estate Assets

• Central Location Within Volusia County Provides Access to a Large Regional Workforce and Consumer Base Throughout the Greater Daytona Beach Market

Investment highlights

• 30 Year Absolute Net Lease Offers Predictable Cash Flow

• Forward Sale / Under Construction Opportunity

• Fully Guaranteed by The Neighborhood Clinic Corporate Entity Backed by a $65 Million Endowment

• Comprehensive Healthcare Delivery

• Tenant Provides Primary Care, Regenerative Medicine, and Behavioral Health Services Under an Integrated Care Model

• No Landlord Responsibilities and Potential Tax Advantages, Including Opportunities for Accelerated Depreciation

• Ideal For Private Investors or 1031 Exchange Buyers Seeking A Manageable, Income-Producing Healthcare Asset With Strong Credit Tenancy

• Prominent Frontage Along Ridgewood Avenue with Approximately 52,000 Vehicles Per Day Provides Exceptional Visibility, Signage Exposure, and Accessibility

• Dual Ingress and Egress from Ridgewood Avenue and Rear Access via N Segrave Street Enhances Traffic Flow and Site Functionality

• Located Directly Across from a Planned Luxury Apartment Development Scheduled to Break Ground in 2026, Creating Future Synergy Through Increased Residential Density and Consumer Activity

Listing Contacts

JS
CA 02074212
CrownPoint Partners
DB
CA 02108110
CrownPoint Partners
Listed by CrownPoint Partners

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$385,000.00
$32,083.33/mo

Valuation Metrics

0
DSCR
7.7%
Cap Rate
7.7%
ROI

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