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Mavis Discount Tire - Ocala FL 10038 84th Avenue Rd 6,979 SF Retail Building Ocala, FL 34481 $3,714,000 ($532.17/SF) 5.25% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | Established Tenant | Corporate Guaranty | Below Market Rent
- Excellent Visibility & Access | Signalized Hard Corner Intersection | Interstate 75 Access & Draw
- On Top of The World Communities | Direct Consumer Base
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong 5-Mile Demographics | Marion County
- Strong Anchor Tenants off State Hwy 200 | Strong Tenant Synergy
Executive Summary
• Brand new 15-year lease with 5 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 8% rental increases every 5 years throughout the initial term and 8% increases at the beginning of each option period
• Mavis Tires has 1,400 locations across 26 states
• The lease features 8% rental increases every 5 years throughout the initial term and 8% increases at the beginning of each option period
• Mavis Tires has 1,400 locations across 26 states
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,979 SF
Building Class
B
Year Built
2025
Price
$3,714,000
Price Per SF
$532.17
Cap Rate
5.25%
NOI
$195,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.04 AC
Zoning
B-2 - Business Commercial
Parking
29 Spaces (4.16 Spaces per 1,000 SF Leased)
Frontage
241’ on SW 84th Ave Rd
Amenities
- Pylon Sign
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $271,812 | Total Assessment | $271,812 |
Property Taxes
Parcel Numbers
Land Assessment
$271,812
Improvements Assessment
$0
Total Assessment
$271,812
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Mavis Discount Tire - Ocala FL | 10038 84th Avenue Rd
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