For Sale
$3,352,000

2650 College RdOcala, FL 34471

High-yield, 20-year NNN ground lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a newly renovated, 3,207 square foot retail property situated on a 0.67-acre lot in Ocala, Florida. The property boasts a 20-year absolute NNN ground lease with a prominent tenant, Fifth Third Bank, commencing November 19, 2024. The lease includes a 10% rent increase every five years, providing a built-in hedge against inflation. The property enjoys a 100% occupancy rate and generates a substantial net operating income (NOI) of $147,500, resulting in a compelling 4.40% cap rate. Located at 2650 SW College Rd, 34471, this strategically positioned property benefits from a signalized entrance to a regional power center, ensuring high visibility and accessibility. The property's location within a thriving retail corridor, characterized by high vehicular traffic exceeding 72,000 vehicles per day, further enhances its investment appeal. Built in 1995 and completely renovated in 2024, this property offers a long-term, passive income stream with minimal management responsibilities. The lease structure is designed for ease of ownership, with four 5-year renewal options. The tenant, Fifth Third Bank, holds an A- rating from Fitch, demonstrating financial strength and stability. This investment is ideal for those seeking a secure, high-return, low-maintenance asset in a rapidly growing Florida market.

Highlights

  • High-profile outparcel with drive-thru at a signalized entrance to a regional power center anchored by Earth Fare, Best Buy, and Burlington.
  • Strategically located at Ocala's dominant retail intersection, boasting over 72,000 vehicles per day (VPD).
  • Located in Ocala, Florida's 3rd fastest-growing MSA (July 22-July 23), known for its affluent equestrian community.
  • Investment-grade tenant: Fifth Third Bank (A- rated by Fitch), operating over 1,200 branches across 10 states.
  • 20-year lease with a multi-million-dollar tenant investment showcasing long-term commitment.
  • Absolute net ground lease offering passive ownership and stable cash flow.

Property Details for 2650 College Rd

Property type
Retail properties, Restaurants
Square Feet
3,207 SF
Year Built/Renovated
1995/2024
Lot Size (sq. ft)
29,185 SF

Location Insight

City
Ocala
County
Marion
State
Florida
Latitude
29.16721444
Longitude
-82.16743913
2650 College Rd, Ocala, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2650 College Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message