Sherwin-Williams 3685 Clyde Morris Blvd 3,995 sq ft Retail Property Port Orange, FL 32129 £1,947,678 (£487.53/sq ft) 5.50% Net Initial Yield

Vanguard Property Services is pleased to present the new, 3,995 SF CORPORATE GUARANTEE 'build to suit' Sherwin Williams at 3685 S. Clyde Morris Blvd, Port Orange, FL 32129. This is a prime retail location in one of the most dynamic growth areas in Daytona Beach. The high-traffic corridor runs through the entire Daytona MSA, and sees up to 25,000 ADT at this point. The lease commenced November 2024, with initial term of 10 years and six 5-year options. Scheduled rents increase every 5 years through initial and option terms. The first 10% rental increase is Year 6 of the initial term. Building is free-standing, part of land condo. Landlord has no ongoing HVAC maintenance/repair obligations until one time at first renewal Year 11.