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Meineke Car Care Center 6187 SW State Road 200 4,280 SF Retail Building Ocala, FL 34476 $2,735,400 CAD ($639.11 CAD/SF) 6% Cap Rate
Investment Highlights
- 10-Year Lease with a Multi-Unit Meineke Franchisee (35+ Units)
- Densely-Populated Ocala Trade Area with 75,481 Residents within a 5-Mile Radius
- Adjacent to a New Master-Planned Community in Development
- 10% Rental Increase Occurring in 2029, with Annual Increases Occurring in Each of 4, 5-Year Renewal Options
- Households and Population Projected to Increase 13%+ in the Immediate Area Over the Next 5 Years
- Excellent Frontage Along SW Highway 200 (±38,000 Cars per Day), Ocala's Primary Thoroughfare with Direct Access to Downtown Ocala
Executive Summary
Meineke is one of the largest and most-recognized automotive repair brands in North America, with approximately 750 auto repair locations nationwide. PARC Auto is a franchisee of Meineke Car Care Centers. PARC Auto owns and operates 35 high-performing locations throughout Kentucky, Indiana, and Florida.
Ocala is a city in, and the county seat of, Marion County, Florida. Located in North Central Florida, the city is home to an estimated 64,000 residents. Ocala is the principal city of the Ocala metropolitan area, which is home to approximately 376,000 residents.
Ocala is a city in, and the county seat of, Marion County, Florida. Located in North Central Florida, the city is home to an estimated 64,000 residents. Ocala is the principal city of the Ocala metropolitan area, which is home to approximately 376,000 residents.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,280 SF
Building Class
B
Year Built
2017
Price
$2,735,400 CAD
Price Per SF
$639.11 CAD
Cap Rate
6%
NOI
$164,124 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.59 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3548-004-001 | Improvements Assessment | $488,310 CAD |
| Land Assessment | $562,398 CAD | Total Assessment | $1,050,708 CAD |
Property Taxes
Parcel Number
3548-004-001
Land Assessment
$562,398 CAD
Improvements Assessment
$488,310 CAD
Total Assessment
$1,050,708 CAD
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Meineke Car Care Center | 6187 SW State Road 200
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