2504 W International Speedway Blvd
Daytona Beach, FL 32114
LongHorn: Daytona Beach, FL · Retail Property For Sale
![2504 W International Speedway Blvd, Daytona Beach, FL for sale - Building Photo - Image 1 of 1](https://images1.loopnet.com/i2/Z4-KzrGJDXD_i9NUAGp6ee2D-uCk-rPvpcyPpHJbsUU/110/2504-W-International-Speedway-Blvd-Daytona-Beach-FL-Building-Photo-1-Large.jpg)
PROPERTY FACTS
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
ABOUT 2504 W INTERNATIONAL SPEEDWAY BLVD , DAYTONA BEACH, FL 32114
INVESTMENT–GRADE RESTAURANT CONCEPT: LongHorn Steakhouse is a fast–casual restaurant chain owned and operated by Darden Restaurants Inc. (NYSE: DRI; Moody’s: Baa2; S&P: BBB). The restaurant concept is known for their legendary steaks which are grilled to perfection and include the house favorite center-cut Flo’s Filet. At the end of fiscal year 2018, Darden Restaurants, Inc. reported Revenue in excess of $8.5 billion, EBITDA of $1.1 billion, and Net Income of $717 million. Furthermore, the Company has a Net Worth in excess of $2.1 billion and is levered less than 1.0x. LONG–TERM NNN GROUND LEASE WITH RENT INCREASES: LongHorn Steakhouse recently executed the second 5–year extension on their NNN ground lease (Original Term: 15 Years) which now has ± 5.2 years of lease term remaining. LongHorn Steakhouse’s lease has two 5–year options remaining with 10% rent increases in each option. STRONG PERFORMER WITH EXTREMELY LOW RENT TO SALES RATIO: LongHorn Steakhouse has demonstrated its strong historical performance at this location by recording above average sales figures, which results in the Property having an extremely low rent–to–sales ratio. EXCELLENT ACCESS & VISIBILITY: The Property has excellent access and visibility along West International Speedway Boulevard (Traffic Count: 46,500) – the corridor’s main thoroughfare providing access east around to Daytona Beach – just down from the entrance / exit ramps to Interstate 95 (Traffic Count: 66,500 VPD).
PROPERTY TAXES
Parcel Number | 5222-19-00-0020 | Improvements Assessment | $673,695 |
Land Assessment | $1,116,219 | Total Assessment | $1,789,914 |
Listing ID: 17542286
Date on Market: 10/24/2019
Last Updated:
Address: 2504 W International Speedway Blvd, Daytona Beach, FL 32114
The Greater Daytona Retail Property at 2504 W International Speedway Blvd, Daytona Beach, FL 32114 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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