Ocala, FL - Ocala Shops

Highlights:

• NEW LOWER PRICE
• 6,454sf former operating restaurant. Closed in March due to Pandemic impacts.
• Occupancy capacity is 295. Seating capacity includes 190 indoor plus 34 outdoor for total seating of 224, 1.65 acres, zoned B4, 108 parking spaces, four 1,000 gallon grease interceptors
• Marion County Parcel ID 23557-000-00, AADT 34,500 cars per day
• Purchase includes FF&E except Cody’s specialty artifacts, call Randy Buss for additional details and Offering Memorandum (OM), floor & site diagrams available upon request
• Floor diagram available upon request
• Property also available For Lease

Description:

• Tropical Smoothie Café: Brand new 10-year lease with 2 (5-year) options to extend
• The lease is guaranteed by DYNE Hospitality Group, the largest Tropical Smoothie Cafe franchisee in the brand
• 10% rental increases every 5 years, growing NOI and hedging against inflation


• Banfield Pet Hospital: Brand new 10-year lease with 2 (5-year) options to extend
• The lease is signed by Medical Management International, Inc., a pet-specific veterinary hospital operator with more than 1,000 locations
• 10% rental increases every 5 years, growing NOI and hedging against inflation

• Mission BBQ: Brand new 10-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• Corporate guaranteed lease
• 10% rental increases every 5 years, growing NOI and hedging against inflation

• 2022 construction which features high quality materials, distinct design elements, and state-of-the-art retail features
• The asset is equipped with a drive-thru that is designated for Tropical Smoothie Cafe, providing ease and convenience for customers
• Tenants pay for CAM, taxes, insurance and maintain most aspects of the premises
• Landlord responsibilities limited to repairing and maintaining common areas and structural portions of the premises
• Investor benefits from fee-simple ownership of the building and land
• Ideal, low-management investment for a passive investor in a state with no state income tax

• Subject property is strategically fronting SW College Road, the primary retail and commuter corridor serving Ocala and the immediate trade area
• Surrounded by shopping centers such as Ocala West (210k SF), Shady Oaks Shopping Center (260k SF), Gaitway Plaza (197k SF), and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for this site
• The asset benefits from significant street frontage along SW College Road, promoting excellent visibility and ease of access
• Tropical Smoothie Cafe ranks in the top 88% (125 out of 1,122) of all nationwide locations according to Placer.ai

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