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Grocery Store

Save-A-Lot

1926 E Silver Springs Blvd, Ocala, FL 34470

Listing Price: $2,015,000

Cap Rate
7.10%
Tenant Name
Save-A-Lot
Guarantor
Franchisee Guarantee
Rentable SF
14,800
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.86

Investment Overview

Marcus & Millichap is pleased to present 1926 E Silver Springs Blvd. Ocala, FL 34470, a 14,800 SF single-tenant freestanding building that has been occupied by Save-A-Lot since 2006. Located on the signalized corner of the fronting E Silver Springs Blvd, 27,500 Vehicles Per Day (VPD), and NE 19th Ave., with three points of ingress/egress, this structure was built in 1957 and is situated on 1.9 acres. Save-A-Lot is currently paying month-to-month and has a lease extension in front of them. Save-A-Lot recently replaced its pylon signage and is planning on ongoing occupancy.

Additionally, we have the neighboring property to the south listed for sale as well, 1921 & 1911 E Fort King St. Ocala, FL 34471, which involves a 22,230 SF warehouse, a ~1,600 SF home/office, and 1.71 acres enabling an investor the opportunity to accumulate 3.61 acres of contiguous land fronting a primary retail artery in Ocala, FL, Silver Springs Blvd. There are 101,678 people within 5 miles of this property with heavy commercial and residential housing, multi-family and single family, nearby.

Investment Highlights

  • +7.6% Cap Rate Achievable Jan. 2025 Post Execution of Proposed Lease
  • Well Below Replacement Cost, Price/SF $136.15
  • Recently Resealed & Striped Parking Lot
  • Fronting Major Retail Artery in Ocala, FL, Silver Springs Blvd

Exclusively Listed By

Listing Price: $2,015,000

Cap Rate
7.10%
Tenant Name
Save-A-Lot
Guarantor
Franchisee Guarantee
Rentable SF
14,800
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.86

Investment Highlights

  • +7.6% Cap Rate Achievable Jan. 2025 Post Execution of Proposed Lease
  • Well Below Replacement Cost, Price/SF $136.15
  • Recently Resealed & Striped Parking Lot
  • Fronting Major Retail Artery in Ocala, FL, Silver Springs Blvd

Investment Overview

Marcus & Millichap is pleased to present 1926 E Silver Springs Blvd. Ocala, FL 34470, a 14,800 SF single-tenant freestanding building that has been occupied by Save-A-Lot since 2006. Located on the signalized corner of the fronting E Silver Springs Blvd, 27,500 Vehicles Per Day (VPD), and NE 19th Ave., with three points of ingress/egress, this structure was built in 1957 and is situated on 1.9 acres. Save-A-Lot is currently paying month-to-month and has a lease extension in front of them. Save-A-Lot recently replaced its pylon signage and is planning on ongoing occupancy. Additionally, we have the neighboring property to the south listed for sale as well, 1921 & 1911 E Fort King St. Ocala, FL 34471, which involves a 22,230 SF warehouse, a ~1,600 SF home/office, and 1.71 acres enabling an investor the opportunity to accumulate 3.61 acres of contiguous land fronting a primary retail artery in Ocala, FL, Silver Springs Blvd. There are 101,678 people within 5 miles of this property with heavy commercial and residential housing, multi-family and single family, nearby.

Exclusively Listed By

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