Freestanding For Sale • 52,300 SF
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 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.
| 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 |
| Average cap rate of 7.70% over lease term |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Daytona Beach International | 6 min | - | 2.4 mi |
| Orlando Sanford International | 54 min | - | 39.6 mi |