4650 Blitchton Rd Ocala, FL 34482
- Retail properties
- 1.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4650 Blitchton Rd
- Year built
- 2024
- Lot size
- 1.00 lot acres
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple, single-tenant Starbucks located in Ocala, Florida. The 2,500 square foot building, constructed in 2024, sits on a one-acre lot with 31 parking spaces and boasts 100% occupancy. The property benefits from a strong net lease (NN) with a credit-rated tenant, offering a 5.15% cap rate and a substantial NOI of $214,805. The lease includes 10% rent bumps every five years and six 5-year options. Strategically positioned off Interstate 75 (90,000 vehicles per day) and adjacent to a high-performing Publix supermarket (75th percentile nationwide), this location enjoys exceptional visibility and access. The property is part of the Shops at Foxwood, a thriving neighborhood center. Ocala's robust growth, ranking 6th among the fastest-growing cities in the US, and its strong demographics (average household income exceeding $82,000 within a one-mile radius, over 54,000 residents within five miles) further enhance the investment's appeal. Proximity to the World Equestrian Center and a new UF Health Neighborhood Hospital adds to the property's strategic advantages. The asking price is $4,171,000. This is a rare opportunity to acquire a high-performing, well-located Starbucks in a rapidly expanding market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ocala
- County
- Marion
- State
- Florida
- Longitude
- -82.1978
- Latitude
- 29.2118
