For Sale
$2,080,000

2613 19Th Avenue RdOcala, FL 34471

High-Yield NNN Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple, single-tenant Goldflower Cannabis Dispensary in Ocala, Florida. Located at 2613 SW 19th Avenue Rd, this 2,880 square foot retail property boasts a 15-year net lease (NNN) with a corporate guarantee, commencing May 1, 2024, and expiring April 30, 2039. The lease includes 3% annual rent bumps and two 5-year renewal options. The property sits on a 0.57-acre lot and benefits from a prime location near Interstate 75, a major thoroughfare with over 96,000 vehicles daily, and is conveniently situated near other national retailers including Walmart, Lowe's, and Home Depot. The property's strong tenant, Goldflower, ensures 100% occupancy, generating a substantial net operating income (NOI) of $148,750, resulting in a 7.15% cap rate. Built in 2004 and renovated in 2024, this single-story building offers a secure, long-term investment with a current asking price of $2,080,000. The property's proximity to the College of Central Florida and Rasmussen University, along with over 2,400 residential units within a two-mile radius, further enhances its investment potential. The property's location within a rapidly growing area and its strong tenant make this a compelling opportunity for investors seeking stable, high-yield returns. The Marion County property (APN: 2374-010-001) offers a blended cap rate of 8.87% through the lease term.

Highlights

  • High-traffic location with I-75 visibility, averaging over 96,000 vehicles daily.
  • Ocala's strong population growth, recently ranked among the nation's fastest-growing cities.
  • Excellent retail location, situated adjacent to a Walmart Supercenter and Paddock Mall (500,000 square feet).

Property Details for 2613 19Th Avenue Rd

Property type
Retail properties, Drug stores
Square Feet
2,880 SF
Year Built/Renovated
2004/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
24,829 SF
Units
1

Location Insight

City
Ocala
County
Marion
State
Florida
Latitude
29.1608481
Longitude
-82.1665387
2613 19Th Avenue Rd, Ocala, Florida

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2613 19Th Avenue Rd
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