9360 HwyOcala, FL 34480

Property Details for 9360 Hwy

Year built

1986

Lot size

3.00 AC

Property size (Sq ft)

9,600 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 9,600 square foot retail center, located at 9360 Highway 441 in Ocala, Florida, presents a compelling investment opportunity. Currently boasting 100% occupancy across seven tenants including a vape shop, barber shop, cheese shop, nail salon, and others, this property offers immediate cash flow with a strong net operating income (NOI) of $113,000 and a 6.47% cap rate. The asking price is $1,700,000, translating to $177.08 per square foot. Built in 1986, the property sits on a three-acre lot and benefits from high visibility on Highway 441, experiencing over 32,000 vehicles per day. Leases are structured on a gross basis with a weighted average lease term (WALT) of 1.3 years, providing immediate upside potential through 5% rent increases upon renewal. The property's strategic location within a rapidly growing market is a key advantage. Ocala's population within a three-mile radius is 18,000, projected to increase by over 7% by 2028. The greater Ocala MSA currently supports over 239,000 residents. Further enhancing its value, the property includes additional developable land zoned B-5, accessible via a separate entrance, presenting significant expansion opportunities. The diverse tenant mix mitigates vacancy risk, making this a secure and profitable investment.

Location Insight

City

Ocala

County

Marion

State

Florida

Latitude

29.0863

Longitude

-82.0822

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].