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Fifth Third Bank | Trophy Corner Location 2650 SW College Rd

3,207 SF Retail Building Ocala, FL 34471 $3,470,000 ($1,082/SF) 4.25% Cap Rate

Banks Florida Ocala 2650 SW College Rd, Ocala, FL 34471

Investment Highlights

  • High-profile outparcel with drive-thru at the signalized entrance to a regional power center anchored by Earth Fare, Best Buy and Burlington
  • Ocala was ranked the 3rd fastest growing MSA in Florida July 22' - July 23' and is known for it's affluent equestrian community
  • Absolute Net Ground Lease provides completely passive ownership and stable cash-flow for absentee owner
  • Strategically located at the dominant retail intersection serving Ocala with over 72,000 VPD
  • Fifth Third is rated A- by Fitch and operates +/- 1,200 branches across 10 states
  • Fixed 10% increases provide hedge against inflation and an average return of 4.93% over the base term of the lease

Executive Summary

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this new 20 Year Fifth Third Bank ground lease in Ocala, FL. Fifth Third is currently under construction and is scheduled to open in December. Rent will commence the earlier of opening or November 20, 2024.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,207 SF
Building Class
B
Year Built/Renovated
1995/2024
Price
$3,470,000
Price Per SF
$1,082
Cap Rate
4.25%
NOI
$147,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.67 AC
Zoning
B4
Parking
30 Spaces (9.35 Spaces per 1,000 SF Leased)

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection

Links

1 of 1

Nearby Major Retailers

Boston Market
Mission BBQ
Carrabba's Italian Grill
Sky Zone
Five Guys
Checkers
Hooters
Starbucks
Earth Fare
keke's Breakfast Cafe

PROPERTY TAXES

Parcel Number 23560-004-03 Improvements Assessment $0
Land Assessment $0 Total Assessment $694,534

PROPERTY TAXES

Parcel Number
23560-004-03
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$694,534
(561) 427-6699 x1027

Contact

  • Listing ID: 33437168

  • Date on Market: 10/7/2024

  • Last Updated:

  • Address: 2650 SW College Rd, Ocala, FL 34471

More public record information on 2650 SW College Rd, Ocala, FL 34471

The Retail Property at 2650 SW College Rd, Ocala, FL 34471 is currently available for sale. Contact Atlantic Capital Partners for more information.

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Fifth Third Bank | Trophy Corner Location | 2650 SW College Rd
(561) 427-6699 x 1027

Fifth Third Bank | Trophy Corner Location | 2650 SW College Rd

Patrick Wagor

(561) 427-6699

x1027

(561) 427-6699 x1027

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