2605 46Th TerOcala, FL 34482

Property Details for 2605 46Th Ter

Year built

2024

Lot size

0.92 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Ocala

County

Marion

State

Florida

Latitude

29.2133

Longitude

-82.1978

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