For Sale
$4,171,000

4650 Blitchton RdOcala, FL 34482

High-Performing Ocala, FL Starbucks

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple, single-tenant Starbucks located in Ocala, Florida. The 2,500 square foot building, constructed in 2024, sits on a one-acre lot with 31 parking spaces and boasts 100% occupancy. The property benefits from a strong net lease (NN) with a credit-rated tenant, offering a 5.15% cap rate and a substantial NOI of $214,805. The lease includes 10% rent bumps every five years and six 5-year options. Strategically positioned off Interstate 75 (90,000 vehicles per day) and adjacent to a high-performing Publix supermarket (75th percentile nationwide), this location enjoys exceptional visibility and access. The property is part of the Shops at Foxwood, a thriving neighborhood center. Ocala's robust growth, ranking 6th among the fastest-growing cities in the US, and its strong demographics (average household income exceeding $82,000 within a one-mile radius, over 54,000 residents within five miles) further enhance the investment's appeal. Proximity to the World Equestrian Center and a new UF Health Neighborhood Hospital adds to the property's strategic advantages. The asking price is $4,171,000. This is a rare opportunity to acquire a high-performing, well-located Starbucks in a rapidly expanding market.

Highlights

  • Strong demographics in a high-growth trade area.
  • Located in Marion County, Ocala, FL, the 6th fastest-growing city in the US.
  • Marion County property values reached a record $24 billion.
  • Average household income within 1 mile exceeds $82,000.
  • Over 54,000 residents within a 5-mile radius.
  • 4.5 miles from the World Equestrian Center.

Property Details for 4650 Blitchton Rd

Property type
Retail properties
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Ocala
County
Marion
State
Florida
Latitude
29.2117564
Longitude
-82.1978363
4650 Blitchton Rd, Ocala, Florida

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4650 Blitchton Rd
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