7514 State Rd Ocala, FL 34476
- Retail properties
- 750 SF
- 1.03 lot acres
Current Use by Public Records
- Retail properties
Property Details for 7514 State Rd
- Year built
- 2024
- Lot size
- 1.03 lot acres
- Property size
- 750 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 750-square-foot quick-service restaurant (QSR) building situated on a 1.03-acre lot in Ocala, Florida. The property boasts a prime location with excellent visibility and access from State Highway 200, experiencing approximately 38,000 vehicles per day. The property is part of a thriving retail development, including national brands like Tidal Wave Auto Spa, Sun Tire, Waffle House, and Eliano's Coffee, and is kitty-corner to a Lowe's-anchored shopping center with additional tenants such as ALDI, Jiffy Lube, Tires Plus, and Murphy USA. The area is experiencing rapid growth, with over 4,300 homes approved for development within a three-mile radius. Population projections indicate over 10% annual growth for the next five years. The property is conveniently located near several master-planned communities and major retail centers, including those anchored by Walmart, Publix, and other national brands. The 15-year absolute NNN ground lease commenced on December 31, 2024, and includes a 10% rent increase every five years. The property features 23 parking spaces and offers a strong net operating income (NOI) of $90,000, resulting in a 5.50% cap rate. This is a single-tenant property with 100% occupancy. The building was constructed in 2024. This presents a compelling investment opportunity in a high-growth market with a long-term, secure lease.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ocala
- County
- Marion
- State
- Florida
- Longitude
- -82.2448
- Latitude
- 29.0901
