For Sale
$2,841,000

2605 46Th TerOcala, FL 34482

High-performing bank, strong tenant. Excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 1,900 square foot, single-tenant, absolute NNN leased fee property located at 2605 NW 46th Terrace, Ocala, FL 34482. The property, built in 2024, sits on a 0.92-acre lot and is leased to a credit-rated Fifth Third Bank. The 20-year lease includes 10% rent bumps every five years and four 5-year lease options. The property boasts a strong 4.40% cap rate and a Net Operating Income (NOI) of $125,000, with an asking price of $2,841,000. This strategically located outparcel is part of the Shops at Foxwood, a neighborhood center anchored by a high-performing Publix supermarket (ranking in the top 75% nationwide). Its proximity to Interstate 75 (90,000 vehicles per day) and a newly built UF Health Ocala Neighborhood Hospital ensures high visibility and a substantial consumer base. Additional nearby fulfillment centers, including Amazon, Chewy, and FedEx, further enhance the property's appeal. The ground lease structure eliminates landlord responsibilities, offering a truly passive investment opportunity in a state with no state income tax. The tenant is responsible for all common area maintenance (CAM), taxes, and insurance, making this a low-maintenance, high-return investment.

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
2605 46Th Ter, 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].
2605 46Th Ter
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