Applebee’s Absolute NNN
New
For Sale
$3,730,000
2615 Southwest 19th Avenue Road, Ocala, FL 34474
A freestanding, single-story restaurant is leased to one tenant under a corporate-guaranteed arrangement.
Property Size5,616 SF
Price / SF$664.17
Days on Market3
Property Features for 2615 Southwest 19th Avenue Road
General Information
Standard status
Active
Size
5,616 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Tenant in Place
Yes
Building Details
Building Size
5,616 SF
Year Built
2003
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SVN - Commercial Partners | Boca Raton
Listed By:
Rob Henry · License #SL3423717
(352) 631-4200
Source:
Svncp
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 1 at 2:33AM
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 SVN - Commercial Partners | Boca Raton
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Investment Insights
Based on property information with market context.
This 5,616-square-foot freestanding restaurant has a single-story layout and is occupied by Applebee’s. The property was built in 2003 and is leased to one tenant under an absolute NNN structure, with a corporate guarantee from Dine Brands Global, Inc. The lease term is 15 years.
Located at 2615 Southwest 19th Avenue Road in Ocala, Florida, the property is fully occupied.
Located at 2615 Southwest 19th Avenue Road in Ocala, Florida, the property is fully occupied.
Key Highlights
- 5,616 SF freestanding restaurant building
- Single‑story layout, built in 2003
- Absolute NNN lease with a 15‑year term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,250
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,825,000
$2.8M
Cap Rate 7%
$2,017,857
$2.0M
Cap Rate 9%
$1,569,444
$1.6M
Market Conditions
NOI Build-Up for 5,616 SF
Gross rent
$208.2K $37.08/SF
− Vacancy
−$6.5K −$1.15/SF
EGI
$201.8K $35.93/SF
− OpEx
−$60.5K −$10.78/SF
NOI
$141.3K $25.15/SF
Area
Marion County, FL
Vacancy
3.10%
Lease Rate
$37.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,825,000
Cap Rate 7%
$2,017,857
Cap Rate 9%
$1,569,444
Alternative Uses
Best Use
Retail
$2.02M
$1.77M – $2.35M
NOI $141,250 @ 7.0% cap · market cap 3.79%
Second Best
Specialty Retail
$972.0K
$850.5K – $1.13M
NOI $68,040 @ 7.0% cap · market cap 1.82%
Theoretical Best
Office A
$3.07M
$2.68M – $3.58M
NOI $214,673 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,812
Businesses Nearby
Explore this area
Business Placement
Demographics for 34474, FL
17,781
Population
9,207
Households
1.9
Avg Household Size
41
Median Age
31%
College-Educated
93%
High-School Grad
21.0 sq mi
ZIP Area
847
Density / Sq Mi
$62,150
Median Household Income
$36,422
Median Earnings
$1,605
Median Rent
$177,800
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - A freestanding, single-story restaurant is leased to one tenant under a corporate-guaranteed arrangement.
Where is this nnn property located?
The property is located at 2615 Southwest 19th Avenue Road Ocala, FL.
What is the asking price?
The asking price for this property is $3,730,000.
What are key features of this property?
This property features: 5,616 SF freestanding restaurant building; Single‑story layout, built in 2003; Absolute NNN lease with a 15‑year term
