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Starbucks Ocala FL
DEAL POINTS
- NN LEASE
- LANDLORD OBLIGATIONS: ROOF, STRUCTURE, ETC.
- NO KICKOUT RENT CLAUSE
- NEW HIGH QUALITY 2018 CONSTRUCTION
- SCHEDULED RENTINCREASES
- RENT COMMENCEMENT NOVEMBER 2018
- TEN YEAR BASE TERM
- LOCATED IN OCALA FLORIDA
Location
The Property is located at 2710 SW College Ave in Ocala, FL approximately 1.35 miles away from Route 75. Starbucks is located immediately flanked by two shopping centers and adjacent to a CVS Pharmacy. The property wraps the corner property allowing for access from both SW College Ave and SW 27th Ave.. The freestanding Starbucks occupies a highly visible section of the main intersection, with frontage along both Avenues, and is optimally located right across the street from the Ocala campus for the College of Central Florida.
Financials
- NET OPERATING INCOME $165,000
- SQUARE-FOOTAGE 2,504
- LANDSIZE .78 AC
- YEARBUILT 2018
- INVESTOR PAYOUT 23%