198 Marion Oaks Blvd - Freestanding FOR SALE


Ocala, FL 34473 | 
$1,045,000 USD
678-808-2762
198 Marion Oaks Blvd, Ocala, FL for Sale
$1,045,000 USD
Freestanding - FOR SALE
1/4
null | 7.74% Cap Rate

198 Marion Oaks Blvd
Ocala, FL 34473


OVERVIEW

TOP PERFORMING DOLLAR GENERAL | RANKS TOP 8% IN THE COUNTRY • According to Placer.ai this Dollar General location ranks in the top 8% in the country within the chain and in the top 14% in Florida. • The store supports 208,000 customers annually. ATTRACTIVE OCALA, FL LOCATION | TAX FREE STATE • Ocala is about an hour northwest of Orlando and has an MSA population of 331,298 that has seen a 4% growth rate since 2010. • Ocala ranked as the #1 fastest-growing metropolitan area in the United States from 2024 to 2025, growing 3.4% to an estimated population of 442,660 residents. • According to the Ocala Metro Chamber & Economic Partnership, the Ocala metro area has one of the fastest growing economies and highest annual wage growth in the nation. • Major companies now calling Ocala home include FedEx and AutoZone, and industries such as logistics and manufacturing are seeing explosive growth. OUTPARCEL TO TOP PERFORMING ALDI ANCHORED SHOPPING CENTER • This Dollar General is an outparcel to an ALDI anchored shopping center that attracts 450K customers per year. • The ALDI ranks in the top 32% nationwide within the chain. • An Amazon distribution center is located 2 miles away and has approximately 500 employees. POSITIONED ON MARION OAKS (16,500 VPD) | NEAR INTERSTATE 75 (94,000 VPD) The subject property is located on Marion Oaks Blvd that supports 16,500 vehicles per day and is 2 miles from Interstate 75 (94,000 VPD). INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • The company currently operates more than 21,000 locations and plans to open 450 new stores in 2026. • Dollar General has been in business for over 80 years and has a current net worth of $18.16 billion. 23 YEARS OF OPERATING HISTORY - RECENT LEASE EXTENSION ON CORPORATE GUARANTEED LEASE • This Dollar General has been successfully operating at this location since 2003 and recently extended the lease for an additional 5 years. • Dollar General exercised their option period and increased the rent 10% per the lease in November 2025 through October 2030. There are approximately 4 years of lease term remaining. • There is one – 5 year option period remaining with a 10% rent increase at the beginning of the option. • The tenant is responsible for taxes, insurance, utilities, HVAC repairs less than $750. • Dollar General pays a CAM & parking lot reimbursement to the landlord of $375/Month for lighting repairs, cleaning, striping, snow removal, and landscaping. • The landlord is responsible for roof, structure, parking lot, and HVAC repairs equal to or greater than $750.

FOR SALE DETAILS

PRICE

$1,045,000 USD

PRICE/SF

$116 USD /SF

CAP RATE

7.74%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B2

APN/PARCEL ID

8002-0016-01,8007-1068-14

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.