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Hardees 908 NW Pine Ave 3,450 SF Retail Building Ocala, FL 34475 $2,160,000 ($626.09/SF) 6% Cap Rate
Investment Highlights
- Large 1.13-Acre Corner Parcel with Dual Street Frontage
- Strategic Position Within Ocala’s Primary Retail Corridor
- Signalized Intersection with 62,000+ Vehicles Per Day
- Long-Term Triple Net Lease Structure
Executive Summary
Surmount is pleased to present the exclusive listing for a Hardee's located at 908 North Pine Avenue, Ocala, FL 34475. The site consists of roughly 3,450 rentable square feet of building space on an estimated 1.13-acre parcel of land. Hardee's is subject to a 10-year Triple Net (NNN) lease, which commenced 4.1.2021. The current annual rent is $129,600 and has scheduled increases of 8.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,450 SF
Building Class
C
Year Built
1984
Price
$2,160,000
Price Per SF
$626.09
Cap Rate
6%
NOI
$129,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.13 AC
Opportunity Zone
Yes
Zoning
B4
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 2571-003-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $530,176 |
Property Taxes
Parcel Number
2571-003-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$530,176
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Hardees | 908 NW Pine Ave
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