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Building Size
10,500 SF
Land Size (Acres)
1.55 AC
Expense Structure
NNN
Corporate Guarantee
BBB/Stable (S&P)
Avg HH Income
$81,374 (10-mile)
INVESTMENT HIGHLIGHTS
ONLY GROCERY STORE IN A 6-MILE RADIUS
20 MILES TO UNIVERSITY OF FLORIDA - Only a 15 Minute Drive
NEW 10-YEAR NNN LEASE - Requiring Minimal Landlord Responsibilities
2024 BTS CONSTRUCTION - NOW OPEN - February 2024
SIGNALIZED INTERSECTION - Easy Access to Highway 441 and W Highway 318, traffic counts of 14,432 VPD
5 MINUTE DRIVE TO WORLD EQUESTRIAN JOCKEY CLUB - The Largest Equestrian Complex in the Country, Huge Visitor Draw
FOUR, 5-YEAR OPTIONS- $0.65 PSF Rental Rate Increase at First Option. $0.50 PSF Rental Rate Increase for Each Option Thereafter
DUAL CONCEPT STORES SEE A 20% INCREASE IN REVENUE
INVESTMENT CREDIT TENANT - Standard & Poor's: 'BBB'
LESS THAN ONE MILE FROM 800+ RV SITES - Subject property is the closest general store to Sun Retreats (326 sites) and RV Resort at Orange Lake (100 sites currently. Phase II underway will bring them to 490 sites)
EXCELLENT DEMOGRAPHICS - 3-Mile Average Household Income $77,422
EXPECTED AREA GROWTH - 10 Mile Population 23,672 with Expected Growth rate of 3.25%
OCALA FLORIDA MARKET AREA - Florida is a No Income Tax State
