Net Lease Family
For Sale
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3245 SW 142nd Ln, Ocala, FL 34473
Family Dollar net-lease building built in 2011, with a recent 5-year option and reported 58% unit sales growth.
Property Size8,000 SF
Price / SF$187.50
Days on Market142
Property Features for 3245 SW 142nd Ln
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$123,901
Building Details
Year Built
2011
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
Listed By:
Kyle Carson · License #MI 6501384480
Source:
Crexi
Added: Apr 22
Changed: Aug 26
Last Checked: Sep 10 at 6:12AM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
Family Dollar net lease property for sale in Ocala, Florida. The building was constructed in 2011 and includes a single retail unit configured for the Family Dollar use. The tenant recently executed a 2nd 5-year option period, including a 10% rent increase.
According to the provided materials, unit level sales have grown 58% from 2020 to 2025. The property is located at 3245 SW 142nd Ln in Ocala and is offered for sale at a reported property size of 8,000 square feet.
Based on the sale materials, the tenant’s continued option execution and the stated sales growth support the stability of the ongoing lease at this location.
According to the provided materials, unit level sales have grown 58% from 2020 to 2025. The property is located at 3245 SW 142nd Ln in Ocala and is offered for sale at a reported property size of 8,000 square feet.
Based on the sale materials, the tenant’s continued option execution and the stated sales growth support the stability of the ongoing lease at this location.
Key Highlights
- Family Dollar net‑lease building at 3245 142nd Lane, Ocala, FL
- Built in 2011
- Tenant recently executed a 5‑year option period with a 10% rent increase
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$96,924
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,938,480
$1.9M
Cap Rate 7%
$1,384,629
$1.4M
Cap Rate 9%
$1,076,933
$1.1M
Market Conditions
NOI Build-Up for 8,000 SF
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.
Gross rent
$136.3K $17.04/SF
− Vacancy
−$7.1K −$0.89/SF
EGI
$129.2K $16.15/SF
− OpEx
−$32.3K −$4.04/SF
NOI
$96.9K $12.12/SF
Area
Marion County, FL
Vacancy
5.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,938,480
Cap Rate 7%
$1,384,629
Cap Rate 9%
$1,076,933
Alternative Uses
Best Use
Retail
$2.87M
$2.52M – $3.35M
NOI $201,211 @ 7.0% cap · market cap 13.41%
Second Best
Specialty Retail
$1.38M
$1.21M – $1.62M
NOI $96,924 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$4.37M
$3.82M – $5.10M
NOI $305,802 @ 7.0% cap · market cap 20.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Family Dollar net-lease building built in 2011, with a recent 5-year option and reported 58% unit sales growth.
Where is this grocery and convenience store located?
The property is located at 3245 SW 142nd Ln Ocala, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Family Dollar net‑lease building at 3245 142nd Lane, Ocala, FL; Built in 2011; Tenant recently executed a 5‑year option period with a 10% rent increase
