Single-Tenant Auto Body
2100 S PINE AVE Ocala, FL 34471
2100 S PINE AVE, Ocala, FL, 34471
Contact for pricing
For Sale
Contact for pricing
Auto body facility is 100% leased under a new 15-year absolute NNN structure with 2% annual rent increases.
Property Size7,326 SF
Price / SF$294.02
Days on Market23
Property Features for 2100 S PINE AVE
General Information
- Standard status
- Active
- Size
- 7,326 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1989
Listing agency
Marcus & Millichap - Orlando
(407) 557-3847
Listed by
Ray Turchi · License #FL BK3015549
Source
Crexi
Added: Jun 30 Updated: Jul 21 at 6:38PM Checked: Jul 21 at 6:38PM
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 - Orlando
Investment Insights
Based on property information with market context.
This offering is a single-tenant Maaco auto body investment presented for sale in fee simple. The automotive service facility totals 7,326 SF and is 100% leased under a new 15-year absolute NNN sale-leaseback, designed to shift operational responsibility away from the landlord. The lease includes built-in 2% annual rent increases.
The property is positioned along S Pine Ave (Hwy 441) with immediate access to an estimated 32,000+ vehicles per day, providing visibility on a high-traffic commercial corridor in Ocala, Florida. The site is described as being surrounded by national retailers, healthcare providers, and dense residential neighborhoods, supported by 5-mile demographics including more than 100,000 residents and average household income of approximately $77,000.
The tenant is Maaco, an auto paint and collision repair brand, offered as an absolute NNN structure. The remarks further state an asking cap rate of 6.50% and a blended cap rate of 7.49% over the base term.
The property is positioned along S Pine Ave (Hwy 441) with immediate access to an estimated 32,000+ vehicles per day, providing visibility on a high-traffic commercial corridor in Ocala, Florida. The site is described as being surrounded by national retailers, healthcare providers, and dense residential neighborhoods, supported by 5-mile demographics including more than 100,000 residents and average household income of approximately $77,000.
The tenant is Maaco, an auto paint and collision repair brand, offered as an absolute NNN structure. The remarks further state an asking cap rate of 6.50% and a blended cap rate of 7.49% over the base term.
Key Highlights
- 7,326 SF automotive service facility built in 1989
- 100% leased under a new 15‑year absolute NNN sale‑leaseback
- 2% annual rent increases during the base term
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $271.6k | $37.08 |
| − Vacancy | −$8.4k | −$1.15 |
| EGI | $263.2k | $35.93 |
| − OpEx | −$79.0k | −$10.78 |
| NOI | $184.3k | $25.15 |
7,326 SF · lease $37.08/SF/yr · vacancy 3.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.63M
$2.30M – $3.07M
NOI $184,259 @ 7.0% cap · market cap 8.55%
Second Best
Industrial
$1.20M
$1.05M – $1.40M
NOI $84,040 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$4.00M
$3.50M – $4.67M
NOI $280,038 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Maaco Auto Body ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Link's Electric Motor Services Inc — 1921 SW 7th Ave, Ocala, FL 34471
- Cass Mobile Customs — Mobile, Ocala, FL 34471
- Ace Auto Air & Auto Care — 2120 S Pine Ave, Ocala, FL 34471
- McCoy's Auto Clinic — 2124 S Pine Ave #100, Ocala, FL 34471
- Maaco Auto Body Shop & Painting — 2100 S Pine Ave, Ocala, FL 34471
FAQs
What type of property is this?
Auto shop - Auto body facility is 100% leased under a new 15-year absolute NNN structure with 2% annual rent increases.
Where is this auto shop located?
The property is located at 2100 S PINE AVE Ocala, FL.
What is the asking price?
The asking price for this property is $2,154,000.
What are key features of this property?
This property features: 7,326 SF automotive service facility built in 1989; 100% leased under a new 15‑year absolute NNN sale‑leaseback; 2% annual rent increases during the base term
