Listed by Coldwell Banker Commercial Benchmark Ormond Beach
$6,500,000
Cruisin Cafe (bar and restaurant)
Details
Property Type Retail
Sub Type Bar, Restaurant
Units 3
Cap Rate 7.70%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 5
Rent Bumps Yes
Broker Co-Op Yes
Class B
Acreage 1.210
Zoning Multi use
Parking Spaces spaces
Investment Type Core+
Ownership Corporation
3 Buildings and 1 parking lot.
Marketing description
Most iconic location in the mid-town area of Daytona Beach and possibly the best-known bar and lounge on the east coast of Central Florida. Directly across from the famous Daytona Beach pier and boardwalk. Destination for NASCAR and biking events for decades but attracts visitors year-round. Comes with parking lot on Coates St directly behind. Includes two buildings that are currently Leased at #18 and #20 S Atlantic Ave. Locations have 347 ft of frontage on S. Atlantic Ave (A1A). All three of these locations are rich in racing history and are known internationally. While a purchaser might choose to retain the current use, it has potential for many uses and any business would thrive in this most well known of all locations at the World's Most Famous Beach! More...
Agent Info: Please DO NOT disturb the business. All inquiries are to go to Bo Bofamy 386 795 7060 or George Meyerhoff at 386 334 8152 to arrange a tour. Financials available to well qualified buyer after submitting LOI
Financials available to well qualified buyer. Submit LOI
Investment highlights
- Two separate buildings in line on Atlantic Ave are included in the sale. They just renewed Leases for 5 years generating over $4900 of rental income monthly!!!!!
Listing Contacts
Listed by Coldwell Banker Commercial Benchmark Ormond Beach
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