Drive-Through NNN Restaurant
For Sale
Contact for pricing
5180 NE 24th St, Ocala, FL 34470
Absolute NNN lease structure with an established Steak 'N Shake operating at the site for more than two decades.
Property SizeContact for details
Lot Size0.96 Acres
Days on Market143
Property Features for 5180 NE 24th St
General Information
Standard status
Active
Lot size
0.96 Acres
Property subtype
Retail
Additional Details
Drive-Thru
Yes
Listing Agency:
Matthews
(813) 488-0853
Listed By:
Jake Lurie · License #SL3510801
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 3:30PM
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 Matthews
Investment Insights
Based on property information with market context.
This NNN restaurant property is occupied by Steak 'N Shake under an absolute NNN lease, with no landlord responsibilities identified in the lease structure. The site includes a drive-through-equipped building on an approximately 0.96-acre parcel. A five-year lease extension was executed in December 2023, following more than 20 years of operating history at this location.
The property functions as an outparcel to a Walmart Supercenter at 5180 NE 24th St in Ocala, Florida. The surrounding retail environment includes Lowe’s, Aldi, Publix, Circle K, Caliber Car Wash, and Chipotle. The source information also reports an 83rd percentile nationwide ranking for the Walmart Supercenter based on Placer.ai data, along with Ocala population growth of 12.79% from 2010 to 2020 and annual growth of 3.88% from 2020 to 2023.
The property functions as an outparcel to a Walmart Supercenter at 5180 NE 24th St in Ocala, Florida. The surrounding retail environment includes Lowe’s, Aldi, Publix, Circle K, Caliber Car Wash, and Chipotle. The source information also reports an 83rd percentile nationwide ranking for the Walmart Supercenter based on Placer.ai data, along with Ocala population growth of 12.79% from 2010 to 2020 and annual growth of 3.88% from 2020 to 2023.
Key Highlights
- Absolute NNN lease structure with no landlord responsibilities identified
- Five‑year lease extension executed in December 2023
- Steak 'N Shake has operated at the site for 20+ years
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
Explore this area
Business Placement
Demographics for 34470, FL
20,483
Population
10,121
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
13.4 sq mi
ZIP Area
1,529
Density / Sq Mi
$49,592
Median Household Income
$36,957
Median Earnings
$1,124
Median Rent
$171,500
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?
NNN property - Absolute NNN lease structure with an established Steak 'N Shake operating at the site for more than two decades.
Where is this nnn property located?
The property is located at 5180 NE 24th St Ocala, FL.
What are key features of this property?
This property features: Absolute NNN lease structure with no landlord responsibilities identified; Five‑year lease extension executed in December 2023; Steak 'N Shake has operated at the site for 20+ years
