For Sale
$2,500,000

1839 College RdOcala, FL 34471

Class A Retail Building, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
113
This Class A retail building, located at 1839 SW College Rd, Ocala, FL 34471, presents a compelling investment opportunity. Situated on a 0.64-acre lot with excellent frontage on SR 200 (College Road), Ocala's premier commercial corridor, the property boasts substantial renovations tailored to its current tenant. Currently leased to Curaleaf Florida, a medical cannabis dispensary, under a NNN lease with a current annual net income (NOI) of $131,196 and 5% annual escalations. The lease term extends to November 2028, offering long-term stability. The building features a reception area, pharmacy, consultation rooms, warehouse space, and four roll-up doors with varying dock-high loading capabilities. Ample parking is available. Its strategic location provides easy access to I-75, US Hwys 441/301/27, downtown Ocala, local hospitals, and the Marion County Courthouse. The asking price is $2,500,000. This property offers a strong return on investment with a stable tenant and a prime location in a thriving market.

Highlights

  • $2,500,000 asking price.
  • Class A retail building.
  • NNN lease, 5-year term, expiring/renewable November 2028.
  • $131,196 annual net income with 5% annual escalations.
  • 0.64-acre lot on SR 200 in Ocala, FL, near I-75 and US Hwys 441/301/27.

Property Details for 1839 College Rd

Property type
Retail properties
Class
A
Lot Size (sq. ft)
27,878 SF

Location Insight

City
Ocala
County
Marion
State
Florida
Latitude
29.1763919
Longitude
-82.1565326
1839 College Rd, Ocala, Florida

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1839 College Rd
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