Freestanding Dollar General Retail
New
For Sale
$1,045,000
198 Marion Oaks Blvd, Ocala, FL 34473
Corporate-guaranteed retail tenancy with approximately 4 years remaining and one additional 5-year option period.
Property Size9,100 SF
Price / SF$114.84
Days on Market5
Property Features for 198 Marion Oaks Blvd
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Discount
Lease Type
NNN
Site & Location
Anchor Co-Tenants
ALDI
Traffic Count
16,500 vehicles/day
Additional Details
Cap Rate
7.75%
Amenities
Top Performing Dollar General | Ranks Top 8% In The Country
Attractive Ocala, FL Location | Tax Free State
Outparcel To Top Performing Aldi Anchored Shopping Center
Positioned On Marion Oaks (16,500 VPD) | Near Interstate 75 (94,000 VPD)
Investment Grade Tenant (S&P: BBB) With 21,000 Locations
23 Years Of Operating History - Recent Lease Extension On Corporate Guaranteed Lease
Building Details
Building Size
9,100 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap - Atlanta
(678) 808-2762
Listed By:
Don McMinn · License #License(s): GA: 292036
(678) 808-2762
Source:
Marcusmillichap
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 29 at 9:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
This 9,100-square-foot Dollar General retail property has operated at the site since 2003 under a corporate-guaranteed lease. The tenant recently extended the agreement for an additional 5 years, with approximately 4 years of lease term remaining through October 2030 and one 5-year option period still available. The lease provides for a 10% rent increase at the start of the option period.
Located at 198 Marion Oaks Blvd in Ocala, the property fronts a roadway carrying 16,500 vehicles per day and sits 2 miles from Interstate 75, which carries 94,000 vehicles per day. The building is an outparcel to an ALDI-anchored shopping center that attracts 450,000 customers annually. An Amazon distribution center with approximately 500 employees is also located 2 miles away.
Dollar General is responsible for taxes, insurance, utilities, and HVAC repairs below $750. Landlord obligations include the roof, structure, parking lot, and HVAC repairs of $750 or more.
Located at 198 Marion Oaks Blvd in Ocala, the property fronts a roadway carrying 16,500 vehicles per day and sits 2 miles from Interstate 75, which carries 94,000 vehicles per day. The building is an outparcel to an ALDI-anchored shopping center that attracts 450,000 customers annually. An Amazon distribution center with approximately 500 employees is also located 2 miles away.
Dollar General is responsible for taxes, insurance, utilities, and HVAC repairs below $750. Landlord obligations include the roof, structure, parking lot, and HVAC repairs of $750 or more.
Key Highlights
- 9,100‑square‑foot Dollar General retail building operating at the location since 2003
- Corporate‑guaranteed lease with approximately 4 years remaining through October 2030
- One remaining 5‑year option period with a 10% rent increase at option commencement
Property Analytics
Property Profile
Current Use
Lease Details
16,500 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Explore this area
Business Placement
Demographics for 34473, FL
21,548
Population
9,313
Households
2.3
Avg Household Size
43
Median Age
16%
College-Educated
89%
High-School Grad
35.8 sq mi
ZIP Area
602
Density / Sq Mi
$70,559
Median Household Income
$36,474
Median Earnings
$1,406
Median Rent
$242,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Corporate-guaranteed retail tenancy with approximately 4 years remaining and one additional 5-year option period.
Where is this retail space located?
The property is located at 198 Marion Oaks Blvd Ocala, FL.
What is the asking price?
The asking price for this property is $1,045,000.
What are key features of this property?
This property features: 9,100‑square‑foot Dollar General retail building operating at the location since 2003; Corporate‑guaranteed lease with approximately 4 years remaining through October 2030; One remaining 5‑year option period with a 10% rent increase at option commencement
