Cap Rate: 5.25%
Net Operating Income: $165,000.00
Year Built: 2018
Lot Size: 0.79 AC
The subject offering is a fee simple interest in a net leased Starbucks. The ten year lease calls for minimal landlord obligations. The subject property is well situated on a major commercial thoroughfare, surrounded by major national retailers including Walmart Supercenter, Target, The Home Depot and many others. The area experiences a high volume of traffic as well with a combined 72,300 VPD along SW College Rd. and SW 27th Ave. The property is currently under development and is located 0.25 miles from the College of Central Florida - Ocala.
Ocala is a city located in Northern Florida. As of the 2013 census, its population, estimated by the United States Census Bureau, was 57,468, making it the 45th most populated city in Florida.
It is the seat of Marion County and the principal city of the Ocala, Florida Metropolitan Statistical Area, which had an estimated 2013 population of 337,362.