2605 46Th TerOcala, FL 34482
High-performing bank, strong tenant. Excellent ROI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- 1,900 SF single-tenant, absolute NNN leased fee property at 2605 NW 46th Terrace, Ocala, FL.
- Leased to credit-rated Fifth Third Bank on a 20-year lease with 10% rent bumps every five years and four 5-year options.
- Strong 4.40% cap rate and $125,000 NOI, with an asking price of $2,841,000.
- Located in the Shops at Foxwood, a neighborhood center anchored by a top-performing Publix (top 75% nationwide).
- High visibility due to proximity to I-75 (90,000 VPD) and a new UF Health Ocala Neighborhood Hospital, plus nearby fulfillment centers (Amazon, Chewy, FedEx).
- Ground lease structure eliminates landlord responsibilities, offering a passive investment opportunity in Florida (no state income tax). Tenant pays all CAM, taxes, and insurance.
Property Details for 2605 46Th Ter
- Property type
- Retail properties, Banks
- Year Built
- 2024
- Lot Size (sq. ft)
- 40,075 SF
Location Insight
- City
- Ocala
- County
- Marion
- State
- Florida
- Latitude
- 29.2132659
- Longitude
- -82.1977922
Nearby Similar for Sale
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