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#1 Manufacturer
Motorcycle Seats
Yearly Biker Events
600K+ Bikers
Close Proximity
Daytona Speedway
High Traffic Count
Famous US Hwy 1
Expenses
Absolute NNN
Rental Increases
2% Annually
INVESTMENT HIGHLIGHTS
Absolute NNN Lease with Zero Landlord Responsibilities The Tenant is operating under an Absolute NNN lease with zero landlord responsibilities and offering truly passive cash flow to investors.
Attractive Annual Rental Increases The Lease includes 2.0% annual rental increases offering a boost to yield and strong hedge against inflation.
High-Traffic Location Along Famous US Route 1 The Property enjoys 100% frontage along U.S. Route 1 (29K+ VPD), which provides superior visibility and access to the broader region, including Daytona Beach and Jacksonville. Route 1 is the longest north/south road in the U.S. and spans from Key West to Maine.
Near Several Prominent Tourist Destinations The Property sits in close proximity to several tourist draws, including Daytona Bike Week (500K annual visitors), Daytona Biketoberfest (100K Annual Visitors), Tomoka State Park (370K+ Annual Visitors), Destination Daytona which includes World Famous Teddy Morse’s Daytona Harley Davidson (109K SF Showroom), Andy Romano Beach, and many more.
Close Proximity to Daytona International Speedway The Property sits just 13 miles north of Daytona International Speedway, which is home to the Daytona 500. The racetrack is one of the largest outdoor sports venues in the U.S. with a capacity of 101,500 and has a $1.9B annual economic impact on the region.
Leased to #1 Motorcycle Custom Seat Manufacturer Corbin Pacific was founded in 1968 and is recognized as the top saddle manufacturer in the aftermarket motorcycle industry. Given the local biker events and dealerships, the Tenant is well-positioned in the local market.
Multi-Unit Leasing Flexibility Condo is divided into 8 separate units which are all currently leased to the Tenant. These separate units provide the owner flexibility to lease the property to multiple tenants in the future.
