3970 SW 3rd St - Storefront FOR SALE


Ocala, FL 34474- Southwest Ocala
$5,259,000 USD
949-506-2012
3970 SW 3rd St, Ocala, FL for Sale
$5,259,000 USD
Storefront - FOR SALE
1/10
null | 6.75% Cap Rate

3970 SW 3rd St
Ocala, FL 34474
Southwest Ocala


HIGHLIGHTS

  • Change header to: Corporate Guarantee | 18-Year Operating History | Adjacent to a Soon-to-be CUI Heat
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Interstate 75 Corridor | Visibility to 100,500 VPD
  • Fast-Growing & Affluent Trade Area | Ocala MSA (#1 in U.S. Population Growth)

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Northern Tools + Equipment investment property located in Ocala, Florida. The tenant, Northern Tool & Equipment Company, Inc has approximately 7 years remaining on their lease with 2 (5-year) options to extend, demonstrating commitment to the site. The lease features 5% rental increases every 5 years throughout the remainder of the term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$5,259,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corp Northern Tool + Equipment | 7 Years

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

3.15 AC

LAND SF

137,214 SF

ZONING

B2

APN/PARCEL ID

22866-004-00

ASK ABOUT THIS PROPERTY

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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