HT Medical Cannabis & Edward Jones Daytona Beach,Florida

$2,739,500
Available
Property type:Multi-Tenant / Shopping Center

The space

  • Listing Price: $2,739,500
  • NOI - Current: $168,476
  • Cap Rate - Current: 6.15%
  • Price/Gross Square Feet: $328.95
  • Gross Square Feet: 8,328
  • # of Suites: 2
  • Lot Size: 1.00 Acres (43,560 SF)
  • Year Built/Renovation: 1987/2022

Description

1305 Beville Road
Daytona Beach, FL 32119

Investment Highlights

  • Two-Tenant Property With National Tenants HT Medical Cannabis and Edward Jones
  • Property Includes Drive-Thru Lanes
  • Tenant Suite for HT Cannabis is Undergoing Renovations by Tenant With Opening Target of February 2022 | Edward Jones Currently Operating in the Building
  • HT is Positioning Itself to Be One of the Top Three Multi-State Cannabis Operators Active in the U.S. | Edward Jones has more than 15,000 locations in North America, more branch offices throughout the United States than any other brokerage firm in the country
  • 2.5 Miles from Daytona International Speedway, Which Generates an Estimated $1.6 Billion Annually for the Local Economy
  • Other Surrounding Retailers Include Walmart Supercenter, Publix, Aldi, Office Depot, Planet Fitness, Best Buy, PetSmart, Tire Kingdom, Family Dollar, Dollar Tree, Walgreens, 7-Eleven, Bank of America, McDonald’s, Taco Bell, Pizza Hut, Dunkin Donuts and Many More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a two-tenant building in Daytona Beach, FL occupied by HT Medical Cannabis & Edward Jones. The property includes drive-thru lanes and the tenant suite for HT Cannabis is currently undergoing renovations by tenant with an opening target of February 2022; Edward Jones is currently operating in the building.

Edward Jones has more than 15,000 locations in North America, more branch offices throughout the United States than any other brokerage firm in the country. Red White & Bloom is doing business in Florida as HT Medical Cannabis. The company is positioning itself to be one of the top three multi-state cannabis operators active in the U.S. Red White & Bloom is predominately focusing its investments on major markets in the U.S., including Michigan, Illinois, Massachusetts, California, and Florida.

Daytona Beach and its surrounding area has very strong demographics and traffic counts. The property is located on Beville Road with a daily traffic count of 29,500 vehicles, and off Clyde Morris Blvd with 25,000 vehicles and is conveniently within close proximity to Interstate 95, with a daily traffic count of more than 66,000 vehicles. Surrounding national retailers include Walmart Supercenter, Publix, Aldi, Office Depot, Planet Fitness, Best Buy, PetSmart, Tire Kingdom, Family Dollar, Dollar Tree, Walgreens, 7-Eleven, Bank of America, McDonald’s, Taco Bell, Pizza Hut, Dunkin Donuts and Many More.

The subject property is two miles from Halifax Health Medical Center, with 595 staffed beds and 552 doctors, 2.5 miles from Daytona International Speedway, which generates an estimated $1.6 Billion annually for the local economy, and three miles from Daytona Beach International Airport. Daytona Beach is home to four colleges and universities, in addition to several technical and vocational institutes.

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