Daytona Beach, FL - White Castle

Description:

• The tenant recently signed a brand new 15-year lease with 3 (5-Year) options to extend, demonstrating long-term commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation
• White Castle is one of the oldest fast food chains in the U.S. with approximately 336 locations across 14 states and more than 100 years of operating history

• The asset is strategically positioned along LPGA Blvd, Daytona Beach’s primary East-West connector thus providing excellent visibility and 29,000 vehicles per day
• Part of cohesive development featuring national tenants such as Dutch Bros, Panda Express, AutoZone, and Bojangles
• Subject property is surrounded by explosive rooftop growth with
+ 15,000 residential units planned or under development in the immediate trade area
• High barrier to entry due to limited remaining pad sites and zoning constraints along LPGA Blvd

---

Report Listing This listing was syndicated through:

Listing ID: a28TP00000468BtYAI