Fortis Net Lease is pleased to present this 6,607 SF Firestone Complete Auto Care store located in Ocala, Florida - in a big development area of the city. This 15 year Absolute NNN Lease will require zero landlord responsibilities. The lease offers 5% rental rate increases every 5 years including at each of the 5 (5 Year) Options. The store is currently under construction with rent start & store opening on track for August 2026.
This Firestone benefits from excellent visibility as it is located on SW 95th Street (16,400 ADTC) & SW 57th Avenue, near the signalized corner of SW 60th Avenue (22,000 ADTC). It sits adjacent to a Heartland Dental development, surrounded by residential homes, & across from a Publix shopping center that ranks in the top 165% of all Publix in the Country! This area of Ocala has many new residential developments in process & newly completed. The 5 mile population from the site is 72,163. The 1 mile household income is $89,554. This is a huge growth area of Florida with the 1 mile population growth rate at 13.90%! This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.00% cap rate based on NOI of $278,001.36.
BOR: Mike Houghton | Oak Realty Advisors