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WingHouse Bar & Grill 2145 E Silver Springs Blvd 5,396 SF Retail Building Ocala, FL 34470 $1,637,143 ($303.40/SF) 7% Cap Rate
Executive Summary
ESTABLISHED TENANT WITH LONG-TERM COMMITMENT
WingHouse has operated at this location since 2000, demonstrating more than two decades of consistent occupancy and operational success.
LONG TERM LEASE
In June 2024, WingHouse extended its lease for an additional 20 years, with 10% rent increases scheduled every five years. The renewal underscores the tenant’s ongoing commitment to this established location and provides stable, predictable income growth for ownership.
STRONG LOCATION
Positioned on a prominent 1.1-acre site, the property features ample surface parking and strong visibility along E Silver Springs Boulevard, enhancing accessibility and customer convenience.
DENSE RETAIL CORRIDOR
The property is positioned along E Silver Springs Boulevard (State Road 40), one of Ocala’s busiest commercial corridors. The surrounding area features a strong lineup of national retailers and service tenants, including Chase Bank, Bank of America, CVS, Verizon, Pet Supermarket, Dollar General, Advance Auto Parts, Pep Boys, Take 5 Oil Change, Zaxby’s, Burger King, and Dunkin’. This concentration of established brands drives consistent daily traffic and reinforces the corridor’s role as a key retail destination within the Ocala market
WingHouse has operated at this location since 2000, demonstrating more than two decades of consistent occupancy and operational success.
LONG TERM LEASE
In June 2024, WingHouse extended its lease for an additional 20 years, with 10% rent increases scheduled every five years. The renewal underscores the tenant’s ongoing commitment to this established location and provides stable, predictable income growth for ownership.
STRONG LOCATION
Positioned on a prominent 1.1-acre site, the property features ample surface parking and strong visibility along E Silver Springs Boulevard, enhancing accessibility and customer convenience.
DENSE RETAIL CORRIDOR
The property is positioned along E Silver Springs Boulevard (State Road 40), one of Ocala’s busiest commercial corridors. The surrounding area features a strong lineup of national retailers and service tenants, including Chase Bank, Bank of America, CVS, Verizon, Pet Supermarket, Dollar General, Advance Auto Parts, Pep Boys, Take 5 Oil Change, Zaxby’s, Burger King, and Dunkin’. This concentration of established brands drives consistent daily traffic and reinforces the corridor’s role as a key retail destination within the Ocala market
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,396 SF
Building Class
C
Year Built
1992
Price
$1,637,143
Price Per SF
$303.40
Cap Rate
7%
NOI
$114,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.00 AC
Zoning
B2
Parking
50 Spaces (9.71 Spaces per 1,000 SF Leased)
Frontage
106’ on Silver Springs Blvd
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 28335-010-00 | Improvements Assessment | $584,390 |
| Land Assessment | $287,496 | Total Assessment | $871,886 |
Property Taxes
Parcel Number
28335-010-00
Land Assessment
$287,496
Improvements Assessment
$584,390
Total Assessment
$871,886
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WingHouse Bar & Grill | 2145 E Silver Springs Blvd
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