What's being built north of Buc-ee's in Daytona Beach? Here's a look.

DAYTONA BEACH ― The Buc-ee's mega gas station/convenience store next to the Interstate 95/LPGA Boulevard interchange is getting a new neighbor .

Construction is well underway on a Floor & Decor store that's going up directly north of Buc-ee's along the east side of the interchange.

A spokesperson for the chain did not respond to a request for comment.

Here's what we know about it.

Floor & Decor will be big

The standalone retail store will be 64,122 square feet in size and will occupy 6.8 acres northwest of Buc-ee's at 2342 Gateway North Drive, according to documents filed with the city of Daytona Beach.

To put that in context, it will be more than 11,000 square feet bigger than the Buc-ee's travel convenience center next door, which measures 53,000 square feet. The Publix grocery store on the other side of I-95 next to Latitude Margaritaville is 48,000 square feet.

Buc-ee's used to own the land

The site where Floor & Decor is going up is part of the 35 acres next to I-95 Exit 265 that Texas-based Buc-ee's Ltd. paid $13.9 million to acquire in 2018 from Consolidated-Tomoka Land Company, which today is known as CTO Realty Growth.

Buc-ee's opened its 104-pump gas station and travel convenience center on the middle 13 acres of the property in March 2021.

The chain's Daytona Beach location is tied with the Buc-ee's next to World Golf Village in St. Augustine, which opened the previous month, as the largest gas station in Florida.

The Daytona Beach Buc-ee's has also proven to become one of Volusia County's biggest attractions. A recent study by the city found that the gas station/convenience store drew an astonishing 5.4 million visitors in the 12-month period that ended this past October.

The plan all along for Buc-ee's Ltd. was to fill the rest of its property in Daytona Beach with other destination draws.

Buc-ee's sold the land parcel to Floor & Decor Outlets of America Inc. on Feb. 22 for $5.7 million, according to Volusia County property records.

The gas station/convenience store chain is nearing completion of a Buc-ee's car wash southeast of its Daytona Beach store on a parcel along the north side of LPGA Boulevard, across from Stonewood Grill. At 235 feet long, it will be the longest car wash tunnel in Florida and is expected to open later this year.

What is Floor & Decor?

Floor & Decor Holdings Inc. is an Atlanta, Georgia, area-based company founded in 2000.

The company describes itself as a "multi-channel specialty retailer and commercial flooring distributor" that operates 225 warehouse-format stores and five design studios in 36 states.

The chain's closest store to Daytona Beach is in Sanford.

What's its strategy?

The company's corporate website states: "We believe that we offer the industry's broadest in-stock assortment of tile, wood, laminate, vinyl and natural stone flooring along with decorative and installation accessories at everyday low prices positioning ourselves as the one-stop destination for our customers' entire hard surface flooring needs."

You can buy its stock

Floor & Decor Holdings is a public company whose common stock shares are traded on the New York Stock Exchange under the stock symbol FND.

The company's stock price closed on Tuesday at $123.55 a share, but was up slightly in early Wall Street trading Wednesday morning, according to Yahoo! Finance.

Floor & Decor Holdings recently reported first quarter 2024 financial performance results of $1.1 billion in revenues (down 2.2% from the same quarter last year) and $50 million in net income (down 30% year over year).

CEO Tom Taylor in a conference call with stock analysts said he was pleased with his company's first quarter results despite "ongoing weak demand for hard surface flooring," according to a transcript posted on the finance news website InsiderMonkey.com.

"We've taken steps to reinforce our price and value messaging at the front of our stores. We do that by offering bulk-out displays of opportunity buys, deals of the week, and compelling adjacent category offerings," he said. "We proactively greet and assist customers who enter our stores by asking them 'what project are you working on?' This approach helps us drive conversions and customer satisfaction."

This article originally appeared on The Daytona Beach News-Journal: What's being built north of Buc-ee's in Daytona Beach? Here's a look.