This exceptional investment opportunity presents a fee-simple ownership of an 8,521 square foot storefront in Ocala, Florida, currently leased to Aaron's under a triple-net (NNN) lease. The property, built in 1991 and situated on a 0.64-acre lot, boasts a strong location at 2556 E Silver Springs Blvd, benefiting from high visibility and traffic counts exceeding 50,000 vehicles daily at the signalized intersection with Northeast 25th Avenue. The lease, commencing April 1, 2006, has a remaining term of approximately 1.6 years, followed by two five-year renewal options with a 5% rent increase every five years. The current asking price is $643,000, representing a price per square foot of $75.46 and an attractive 8.25% cap rate based on a net operating income (NOI) of $53,034. The property benefits from a strong tenant history, with Aaron's occupying the location since at least 2006. The surrounding area features a robust retail environment, including national brands such as Publix, Walmart, Lowe's, and numerous restaurants and banks. Furthermore, the area boasts a high average household income of $81,749 within three miles, projected to increase to $92,244 by 2028. This property offers a compelling combination of a stable tenant, strong location, and attractive financial metrics, making it an ideal addition to any investment portfolio. The property is a single-story building.
Highlights
Corporate-guaranteed, triple-net (NNN) lease.
Two, five-year tenant renewal options with 5% rent increases every five years.
Aaron's has occupied the property since at least 2006.
Low base rent of $6.22 PSF; sale price of $75.46 PSF.
High-traffic location at Silver Springs Blvd & NE 25th Ave (50,000+ vehicles daily).
Average household income within 3 miles is $81,749, projected to reach $92,244 by 2028.
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Contacts
Alan Lipsky
Barry Wolfe
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2556 Silver Springs Blvd, Ocala, Florida, 34470
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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2556 Silver Springs Blvd
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