8253 FL-200 - Bank FOR SALE
Ocala, FL 34481 |
$2,903,000 USD
561-427-6699
8253 FL-200
Ocala, FL 34481
HIGHLIGHTS
- Rare low rent ground lease with 20-year initial term
- Fifth Third is rated A- by S&P and operates +/- 1,200 branches across 11 states
- Shadow anchored by Publix anchored shopping center with full access and excellent visibility to 36,000 VPD along SR 200
- Located in front of On Top of The World, a 13,000 acre retirement community with expansion plans and Ocala was ranked the 3rd fastest growing MSA in F
- Absolute Net Ground Lease provides completely passive ownership and stable cash-flow for absentee owner
- Fixed 10% increases provide hedge against inflation and an average return of 5.40% over the base term of the lease
FOR SALE DETAILS
PRICE
$2,903,000 USD
PRICE/SF
$1,528 USD /SF
CAP RATE
4.65%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Fifth Third Bank | 20-YR Abs Net Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Fast Food, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.98 AC
LAND SF
42,689 SF
ZONING
B4
APN/PARCEL ID
35300-031-04
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561-427-6699
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561-427-6699
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