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1st Floor - Unit 300
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Retail
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52,300 SF
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$8,086,200 USD
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Unit Size: 52,300 SF
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Condo Use: Retail
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Price: $8,086,200 USD
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Sale Type: Investment
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Price/SF: $154.61 USD
Sale Notes
K1 Speed is a leading operator in the rapidly growing location-based entertainment sector, delivering high-traffic, destination-oriented experiences across a national footprint. 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 6.0% to a 6.74% 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.
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Bret Morriss
CAST Capital Partners
