7514 State RdOcala, FL 34476

Property Details for 7514 State Rd

Year built

2024

Lot size

1.03 AC

Property size (Sq ft)

750 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a brand-new, 750-square-foot quick-service restaurant (QSR) building situated on a 1.03-acre lot in Ocala, Florida. The property boasts a prime location with excellent visibility and access from State Highway 200, experiencing approximately 38,000 vehicles per day. The property is part of a thriving retail development, including national brands like Tidal Wave Auto Spa, Sun Tire, Waffle House, and Eliano's Coffee, and is kitty-corner to a Lowe's-anchored shopping center with additional tenants such as ALDI, Jiffy Lube, Tires Plus, and Murphy USA. The area is experiencing rapid growth, with over 4,300 homes approved for development within a three-mile radius. Population projections indicate over 10% annual growth for the next five years. The property is conveniently located near several master-planned communities and major retail centers, including those anchored by Walmart, Publix, and other national brands. The 15-year absolute NNN ground lease commenced on December 31, 2024, and includes a 10% rent increase every five years. The property features 23 parking spaces and offers a strong net operating income (NOI) of $90,000, resulting in a 5.50% cap rate. This is a single-tenant property with 100% occupancy. The building was constructed in 2024. This presents a compelling investment opportunity in a high-growth market with a long-term, secure lease.

Location Insight

City

Ocala

County

Marion

State

Florida

Latitude

29.0901

Longitude

-82.2448

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