917 N Pine Ave | Ocala, FL 34475
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- LoopNet Team
917 N Pine Ave
Ocala, FL 34475
7-Eleven · Retail Property For Sale
Investment Highlights
- commitment – 7-Eleven signed a 15-year absolute NNN lease that commenced in Dec 2021
- Rent Growth – The lease is calls for 10% increases every 5 years, providing a hedge against inflation
- Demographics – The asset is located in a high growth market of Ocala seeing 12.5% YOY population growth.
- Tax Benefits – The asset qualifies for 100% Bonus Depreciation. Tax law is subject to change in 2023.
- Location – 7-Eleven is located on the signalized intersection of Pine Ave and 10th St which sees in excess of 50,000 VPD.
- Dual Concept – 7-Eleven has committed two of the restaurant concepts to the location, Laredo Taco and Raise the Roost, making this the first Dual Rest
Property Facts
Property Type
Retail
Property Subtype
Service Station
Building Size
4,650 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.73 AC
Zoning
C - Commercial
Frontage
75’ on North Pine Avenue
Amenities
- Freeway Visibility
- Pylon Sign
Property Taxes
| Parcel Number | 2571-001-001 | Improvements Assessment | $691,928 |
| Land Assessment | $669,080 | Total Assessment | $1,361,008 |
Property Taxes
Parcel Number
2571-001-001
Land Assessment
$669,080
Improvements Assessment
$691,928
Total Assessment
$1,361,008
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