Log In/Sign Up
Your email has been sent.
11300 N 95th Cir 5,506 SF Retail Building Ocala, FL 34481 $3,824,000 ($694.52/SF) 5.61% Cap Rate
Investment Highlights
- Absolute NNN lease with approximately 10.7 years of term remaining through April 2037, with no Landlord responsibilities
- This location sees more foot traffic than 70% of Bob Evans stores in Florida (Placer.ai)
- Corporate ownership of every location eliminates the franchisee credit risk common to net-lease restaurants
- Corporate lease with Bob Evans Restaurants, LLC places the full operating entity behind the income stream
- Lease includes +2% rental increases annually through the lease term and the greater of +2% annual increases or Fair Market Value in the option periods
- Walmart outparcel on State Road 200, southwest Ocala’s dominant and fastest-growing retail artery carrying 22,000 AADT
Executive Summary
RIPCO Real Estate is pleased to offer for sale 11300 SW 95th Circle, a ±5,204 square foot freestanding Bob Evans family restaurant on a ±1.58-acre Walmart outparcel in Ocala,
Marion County, Florida. The property is leased on an Absolute NNN basis to Bob Evans Restaurants, LLC, with a corporate guaranty, with over 10 years remaining on the lease
term and six (6) five-year renewal options extend potential tenancy through 2067. The current lease includes +2% annual rental increases and the option periods are the greater
of +2% annual rental increases or Fair Market Value, hedging against inflation. Founded on an Ohio farm in 1948, Bob Evans operates approximately 420 corporate-owned
restaurants across 18 states and was acquired by 4x4 Capital in February 2026. State Road 200 carries 22,000 AADT at the property, and within five miles there is a population
of approximately 60,821 and an average household income of approximately $91,510.
The asset would be an attractive opportunity for an investor seeking management-free, corporate lease from a long-tenured national family-dining brand, with 2% annual rent
growth and a long option runway, and positioned as a Walmart outparcel on Ocala’s dominant State Road 200 corridor in a high-growth, no-state-income-tax Florida market.
Marion County, Florida. The property is leased on an Absolute NNN basis to Bob Evans Restaurants, LLC, with a corporate guaranty, with over 10 years remaining on the lease
term and six (6) five-year renewal options extend potential tenancy through 2067. The current lease includes +2% annual rental increases and the option periods are the greater
of +2% annual rental increases or Fair Market Value, hedging against inflation. Founded on an Ohio farm in 1948, Bob Evans operates approximately 420 corporate-owned
restaurants across 18 states and was acquired by 4x4 Capital in February 2026. State Road 200 carries 22,000 AADT at the property, and within five miles there is a population
of approximately 60,821 and an average household income of approximately $91,510.
The asset would be an attractive opportunity for an investor seeking management-free, corporate lease from a long-tenured national family-dining brand, with 2% annual rent
growth and a long option runway, and positioned as a Walmart outparcel on Ocala’s dominant State Road 200 corridor in a high-growth, no-state-income-tax Florida market.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,506 SF
Building Class
C
Year Built
2005
Price
$3,824,000
Price Per SF
$694.52
Cap Rate
5.61%
NOI
$214,502
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.58 AC
Zoning
B4
Parking
92 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Security System
- Signage
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 35342-000-07 | Improvements Assessment | $700,924 |
| Land Assessment | $757,075 | Total Assessment | $1,457,999 |
Property Taxes
Parcel Number
35342-000-07
Land Assessment
$757,075
Improvements Assessment
$700,924
Total Assessment
$1,457,999
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
11300 N 95th Cir
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.