For Sale
$1,636,000

7514 State RdOcala, FL 34476

High-growth area, 15-year NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 750-square-foot quick-service restaurant (QSR) building situated on a 1.03-acre lot in Ocala, Florida. The property boasts a prime location with excellent visibility and access from State Highway 200, experiencing approximately 38,000 vehicles per day. The property is part of a thriving retail development, including national brands like Tidal Wave Auto Spa, Sun Tire, Waffle House, and Eliano's Coffee, and is kitty-corner to a Lowe's-anchored shopping center with additional tenants such as ALDI, Jiffy Lube, Tires Plus, and Murphy USA. The area is experiencing rapid growth, with over 4,300 homes approved for development within a three-mile radius. Population projections indicate over 10% annual growth for the next five years. The property is conveniently located near several master-planned communities and major retail centers, including those anchored by Walmart, Publix, and other national brands. The 15-year absolute NNN ground lease commenced on December 31, 2024, and includes a 10% rent increase every five years. The property features 23 parking spaces and offers a strong net operating income (NOI) of $90,000, resulting in a 5.50% cap rate. This is a single-tenant property with 100% occupancy. The building was constructed in 2024. This presents a compelling investment opportunity in a high-growth market with a long-term, secure lease.

Highlights

  • New 750 sq ft QSR building on a 1.03-acre lot in Ocala, FL.
  • 15-year absolute NNN ground lease with 10% rent increases every five years.
  • Prime location on State Highway 200, with approximately 38,000 vehicles per day.
  • Part of a thriving retail development with national tenants including Tidal Wave Auto Spa, Sun Tire, Waffle House, and Eliano's Coffee, and kitty-corner to a Lowe's-anchored shopping center.
  • High-growth area with over 4,300 homes approved for development within a three-mile radius and projected population growth exceeding 10% annually for the next five years.

Property Details for 7514 State Rd

Property type
Retail properties, Restaurants
Square Feet
750 SF
Class
B
Year Built
2024
Buildings
1
Lot Size (sq. ft)
44,867 SF
Units
1

Location Insight

City
Ocala
County
Marion
State
Florida
Latitude
29.0901492
Longitude
-82.2447672
7514 State Rd, Ocala, Florida

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7514 State Rd
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