30 Bahia Ave Ocala, FL 34472
- Retail properties
- 1.34 lot acres
Current Use by Public Records
- Retail properties
Property Details for 30 Bahia Ave
- Year built
- 2024
- Lot size
- 1.34 lot acres
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a brand-new, 6,723-square-foot Firestone Auto Shop situated on a 1.34-acre lot in Ocala, Florida. The property boasts a 15-year NNN lease with built-in 5% rent increases every five years, providing strong, predictable cash flow. The lease is corporately guaranteed by Bridgestone Retail Operations, LLC, an investment-grade tenant with an "A" rating from S&P. This strategically located Firestone enjoys high visibility on Highway 464 (14,900 VPD), adjacent to a major Publix-anchored shopping center and a Walmart Supercenter. The surrounding area features numerous national retailers and significant residential development, including over 4,300 homes in the nearby Silver Springs Shores Community. The property's strong tenant, prime location, and long-term lease make it an ideal addition to any investment portfolio. The property includes seven service bays and opened in June 2024, generating a current NOI of $240,603 and a 5.15% cap rate. Ocala's robust economy and rapid population growth further enhance the investment potential. The asking price is $4,672,000. This is a rare opportunity to acquire a high-quality, passively managed commercial property with exceptional long-term growth prospects in a thriving Florida 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
- -82.0189
- Latitude
- 29.1173
