For Sale
$11,000,000

5312 6Th PlOcala, FL 34474

Ocala, FL: 102,400 SF NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 102,400 square foot, Class A, single-tenant AT&T call center in Ocala, Florida. Located on a 9.88-acre lot at 5312 SW 6th Pl, 34474, this property boasts an absolute NNN lease with a credit-rated corporate guarantee, minimizing landlord responsibilities. The lease, commencing July 1, 2001, has a remaining term of 1.7 years, followed by three 3-year renewal options. The current annual net operating income (NOI) is $899,910, yielding an 8.18% cap rate at an asking price of $11,000,000 ($107.42/SF). Built in 1988 and renovated in 2001, the property features annual 1% rent bumps. The M1 zoning and established location in a growing trade area, coupled with Florida's tax-free status, make this a compelling investment. The property's size and tenant strength provide significant long-term value and stability. This is a fee-simple ownership opportunity with no ground lease. The building is 100% occupied since September 1, 2001.

Highlights

  • $11,000,000 asking price for a 102,400 square foot, Class A retail property.
  • Absolute NNN lease with a credit-rated, corporate-guaranteed tenant (AT&T).
  • 8.18% cap rate with a strong NOI of $899,910.
  • Located in Ocala, Florida, on a 9.88-acre lot with M1 zoning.
  • 25.1-year lease with 1.7 years remaining, plus three 3-year renewal options; annual 1% rent bumps.

Property Details for 5312 6Th Pl

Property type
Retail properties, Retail space
Square Feet
102,400 SF
Class
A
Year Built/Renovated
1988/2001
Lot Size (sq. ft)
430,373 SF

Location Insight

City
Ocala
County
Marion
State
Florida
Latitude
29.180311121603
Longitude
-82.208193297033
5312 6Th Pl, Ocala, Florida

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5312 6Th Pl
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