• An Award Winning Net Lease & Retail Commercial Real Estate Group

Verizon – Signalized Intersection/Home Depot Outparcel

3451 SW College Rd, Ocala, FL 34474, USA
$3,603,600

Description

Marcus & Millichap is pleased to present this net leased, single tenant freestanding Verizon Wireless store located at 3451 Southwest College Road in Ocala, Florida.
The subject property consists of a 4,500 square feet retail space with ample parking on a 1.27-acre-parcel of land, located less than a mile away from College of Central Florida – Ocala Campus
with over 9,500 students enrolled and just a mile from Paddock Mall. This Verizon ideally situated at the signalized intersection of the entrance to a Home Depot and Southwest College Road,
which has exposure to more than 44,507 vehicles per day and also is situated 400 feet from the Interstate-75 exit (73,500 cars daily).
The subject property is surrounded by major national and regional retailers such as Chick-Fil-A, Home Depot, Bob Evans, Panda Express, T-Mobile, Mattress One, Chili’s, BP, Holiday Inn & Suites, Hampton Inn & Suites, Pet Smart Hudson’s Furniture and Ruby Tuesday among others.
Verizon Communications Inc. (NYSE, NASDAQ: VZ), headquartered in New Jersey, is a global leader in delivering broadband and other wireless and wire-line communication services to consumer, business, government and wholesale customers. Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NASDAQ and LSE: VOD). Verizon Wireless operates America’s most reliable wireless network, with nearly 111 million retail customers nationwide.

  • Newer Construction Corporate Guaranteed Verizon
  • Signalized Intersection located at the Entrance to a Home Depot. Shares access with a Chick Fil A Restaurant
  • Located only 400 feet from the I-75 Exit to College Road with direct visibility to more than 44,000 Vehicles Per Day
  • Average Household Income Exceeds $68,185 within 1 Mile
  • 0.9 Miles from College of Central Florida – Ocala Campus with 9,546 Students Enrolled
  • Very Strong 15% Population Growth Projected by 2023
  • Florida is a No Income Tax State

Property Documents

  • City: Ocala
  • State/county: Florida
  • Zip/Postal Code: 34474
  • Country: United States

Detail

  • Price: $3,603,600

Additional details

  • CAP Rate: 6.25%
  • NOI: $225,225

Features