908 NW Pine Ave - Restaurant FOR SALE


Ocala, FL 34475- Northwest Ocala
$2,160,000 USD
818-632-9542
908 NW Pine Ave, Ocala, FL for Sale
$2,160,000 USD
Restaurant - FOR SALE
1/3
null | 6% Cap Rate

908 NW Pine Ave
Ocala, FL 34475
Northwest Ocala


HIGHLIGHTS

  • Large 1.13-Acre Corner Parcel with Dual Street Frontage
  • Signalized Intersection with 62,000+ Vehicles Per Day
  • Strategic Position Within Ocala’s Primary Retail Corridor
  • Long-Term Triple Net Lease Structure

OVERVIEW

Surmount is pleased to present the exclusive listing for a Hardee's located at 908 North Pine Avenue, Ocala, FL 34475. The site consists of roughly 3,450 rentable square feet of building space on an estimated 1.13-acre parcel of land. Hardee's is subject to a 10-year Triple Net (NNN) lease, which commenced 4.1.2021. The current annual rent is $129,600 and has scheduled increases of 8.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$2,160,000 USD

PRICE/SF

$547 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hardees

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

B4

APN/PARCEL ID

2571-003-002

ASK ABOUT THIS PROPERTY

Armond AivazyanSurmountMore Info
818-632-9542

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Armond AivazyanSurmountMore Info
818-632-9542

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