For Sale
$7,222,000

2505 College RdOcala, FL 34471

High-Yield, Triple-Net Leased Property

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 10,000 square foot shopping center in Ocala, Florida, presents a compelling investment opportunity. Boasting a prime location on SW College Road, a major retail corridor directly off Interstate 75, this property offers excellent visibility and accessibility. The center is 100% occupied by three strong national tenants: Mission BBQ, Banfield Pet Hospital, and Tropical Smoothie Cafe, creating a synergistic tenant mix that drives traffic. Built in 2022, the single-story building sits on a 1.65-acre lot with ample parking (76 spaces). The property features a strong Net Operating Income (NOI) of $415,250, resulting in a 5.75% cap rate. The asking price is $7,222,000, with a fee simple ownership structure. Leases are triple-net (NN) with 10% rent bumps every five years. The property benefits from its location within a densely populated area, surrounded by other successful shopping centers, and serves a thriving trade area with over 81,500 residents and 74,600 employees, boasting an average household income of $86,043. Ocala's rapid growth, ranking 6th among fastest-growing US cities (US News & World Report) and 4th fastest-growing MSA (US Census Bureau), further enhances the investment potential. The property's strong tenant lineup, excellent location, and favorable lease terms make it an attractive addition to any portfolio. APN: 23557-000-00.

Highlights

  • 10,000 SF shopping center on SW College Road, Ocala, FL, directly off I-75, offering excellent visibility and accessibility.
  • Surrounded by other shopping centers including Ocala West (210,000 SF), Shady Oaks (260,000 SF), and Gaitway Plaza (197,000 SF).
  • Strong tenant synergy with Mission BBQ, Banfield Pet Hospital, and a top-performing Tropical Smoothie Cafe (top 88% nationally).
  • Significant street frontage on SW College Road ensures high visibility and easy access.
  • 5-mile trade area boasts over 81,500 residents, 74,600 employees, and an average household income of $86,043.
  • Ocala is the 6th fastest-growing city (US News & World Report) and 4th fastest-growing MSA (US Census Bureau).

Property Details for 2505 College Rd

Property type
Lifestyle centers, Power centers
Year Built
2022
Buildings
1
Stories
1
Lot Size (sq. ft)
71,874 SF

Location Insight

City
Ocala
County
Marion
State
Florida
Latitude
29.1688682
Longitude
-82.1662342
2505 College Rd, Ocala, Florida

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2505 College Rd
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