3394 SW College Rd
Ocala, FL 34474
Retail Property For Sale

* GREAT OPPORTUNITY FOR AN INVESTOR TO ACQUIRE ONE OF THE STRONGEST INVESTMENT GRADE GUARANTEED LEASES AT AN ABOVE MARKET CAP RATE EMAIL BROKER FOR FULL MARKETING PACKAGE Great 1031 Exchange Property. Zero landlord obligations (Tenant responsible for all taxes, insurance, maintenance - including roof and structure). Long-term absolute NNN ground lease located in Ocala, FL leased to JP Morgan Chase Bank for 20 years. The 20 year lease commenced on May 10, 2012 and there are approx 15 years remaining on the primary term. The lease offers 10% rent increases every five years with 4 x 5 year options to renew. The Lease is absolute NNN with Zero Landlord Obligations * Chase has not started construction of their building yet, the lease commenced approx 5 years ago and Chase is paying rent and bound by the 20 year ground lease for the full term. Lease is guaranteed by JP Morgan Chase (S&P: A+) This .90± acre parcel is located just off of I-75 along the major retail corridor in Ocala (SW College Rd 54,100 CPD). It's adjacent to a Bank of America ($89.9M deposits) and Regions Bank ($68M deposits) and across from a Wells Faro ($53.6M deposits). It's less than one mile from the College of Central Florida (approx 8,200 students) and next to the Paddock Mall, a 487,783 SF Power Center, anchored by Macy' s, JC Penney, Belk and Sears. Other retailers in the immediate area include; Chick-Fil-A, Home Depot, Lowe's, Walmart Supercenter, Red Lobster, Out back Steakhouse, Olive Garden, PDQ, Best Buy, CVS, TJ Maxx & more. Chase has not commenced construction of their building at this time, however, the ground lease is in full effect and Chase is paying rent and are obligated to do so for the full 20 year primary lease term. The original plans included a 4,279± square foot branch bank with three drive-through lanes (leasehold improvements) at the banks own expense. The tenant has been provided approvals for JP Morgan Chase to commence construction at their option. This investment opportunity offers an investor an income stream guaranteed by JP Morgan Chase for 15+ years.