Daytona Beach, FL - Florida Health

Description:

• The tenant recently signed a brand new 20-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation
• Florida Health Care Plans is a subsidiary of Florida Blue

• Positioned directly off I-95, the property benefits from a high traffic volume of 85,500 VPD on average, while also enjoying prominent frontage along LPGA Blvd with a traffic flow of 36,000 VPD on average
• Positioned across from Latitude Landings, a Publix anchored center that also serves as a gateway to the Latitude Margaritaville Community
• The assets additionally benefits from multiple points of access, including two signalized intersections