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Fifth Third Bank | 20-YR Abs Net Lease 8253 FL-200 1,900 SF 100% Leased Retail Building Ocala, FL 34481 $3,949,009 CAD ($2,078.43 CAD/SF) 4.65% Cap Rate
Investment Highlights
- Rare low rent ground lease with 20-year initial term
- Shadow anchored by Publix anchored shopping center with full access and excellent visibility to 36,000 VPD along SR 200
- Absolute Net Ground Lease provides completely passive ownership and stable cash-flow for absentee owner
- Fifth Third is rated A- by S&P and operates +/- 1,200 branches across 11 states
- Located in front of On Top of The World, a 13,000 acre retirement community with expansion plans and Ocala was ranked the 3rd fastest growing MSA in F
- Fixed 10% increases provide hedge against inflation and an average return of 5.40% over the base term of the lease
Executive Summary
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this new 20-year Fifth Third Bank ground lease in Ocala, FL. Home Depot is close to closing on the land directly behind the branch and will be building a new store. Fifth Third is open for business.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,900 SF
Building Class
B
Year Built
2025
Price
$3,949,009 CAD
Price Per SF
$2,078.43 CAD
Cap Rate
4.65%
NOI
$183,643 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.04
Lot Size
0.98 AC
Zoning
B4
Frontage
200’ on Southwest State Road 200
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Fifth Third Bank
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Fifth Third Bank | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 35300-031-04 | Improvements Assessment | $3,202 CAD |
| Land Assessment | $234,557 CAD | Total Assessment | $237,759 CAD |
Property Taxes
Parcel Number
35300-031-04
Land Assessment
$234,557 CAD
Improvements Assessment
$3,202 CAD
Total Assessment
$237,759 CAD
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Fifth Third Bank | 20-YR Abs Net Lease | 8253 FL-200
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