Ocala, FL - College Road Strip Center

3701 SW College Road, Ocala, FL

For Sale

Retail Strip Center

Market Price

Price

Overview

Cap Rate

6.5%

NOI

$411,044

Building Size

14,960 sqft

Lot Area

1.15 acres

Units

Year Built

1991

Floors

Offered by

Description

• 100% leased multi tenant asset, leased to Lumber Liquidators Flooring, MUV Dispensary, IVXpress and Dan’s Fan City
• The subject property has been modernly renovated as of January 2024 to maximize space and enhance the assets overall quality
• Each of the four tenants have 2 (5-year) options to extend the lease term and feature (varying by tenant) scheduled rental increases
• Each leases features a corporate signature from their respective tenant

• Positioned in a heavily trafficked corridor, directly off Interstate 75 (90,000 VPD) while fronting SW College Road (54,100 VPD)
• The subject property will benefit from its excellent visibility via interstate 75
• The asset is positioned as an outparcel to a Home Depot that is ranked in the 91st percentile in visit nationwide (per Placer.ai)
• The Home Depot is 1 of 2 (Home Depot’s) within a 30-mile radius and ranked as the #1 store of 7 in a 50-mile range (per Placer.ai)
• Paddock Mall is Martin County’s premier shopping destinations, positioned less than 1-mile (eastbound) off SW College Road, spanning more than 500,000 SF, featuring over 90 retailers and generates over 3.4M visits per annum
• Across Interstate 75 is a cluster of Hotels, such as a Holiday Inn, Residents Inn by Marriott, Courtyard by Marriott, a Best Western and several others providing an additional traveling consumner base
• The local trade are is supported by a variety of big box tenants retailers including; PetSmart, Lowe’s Home Improvement, Sam’s Club, Khols and more