5891 SE 88TH Street, Ocala, FL 34472
$1,615,488
Property Type:
Commercial Sale
Square Footage:
9,100
Lot Size (sq. ft.):
54,450
Status:
Closed
Current Price:
$1,615,488
List Date:
9/21/2017
Last Modified:
1/11/2025
Description
Newly constructed Dollar General store located in Ocala, Florida. This property is located along a main road with great visibility. Dollar General has guaranteed a new 15-year NNN lease with Four 5-year options with 10% increases. Tenant is responsible for all expenses and maintenance at the property including taxes and insurance. Dollar General corporately guarantees the lease and is an Investment Grade Tenant with an S&P rating of BBB. This passive investment offers buyers a secure investment with no management responsibilities and rent guaranteed by a stable, recession-proof tenant.
More Information MLS# 901771
Contract Information
Current Price: $1,615,488
Sold Price: $1,615,488
Status: Closed
Listing Contract Date: 2017-09-21
Property Sub Type: Mixed Use
Location Tax and Legal
Street Number: 5891
Street Direction Prefix: SE
Street Name: 88TH
Street Suffix: Street
County: Marion
State: FL
Postal Code: 34472
MLS Area Major: 643-Marion County-SE
General Property Information
Building Area Total: 9100
Building Area Source: Plans
Lot Size Acres: 1.25
Water Body Access YN: No
Waterfront YN: No
Stories Total: 1
Directions: From the intersection E. Silver Springs Rd. (40) and Baseline Rd (35) in Ocala, travel South approx. 8.4 miles to the property. Property is on the left.
Public Remarks: Newly constructed Dollar General store located in Ocala, Florida. This property is located along a main road with great visibility. Dollar General has guaranteed a new 15-year NNN lease with Four 5-year options with 10% increases. Tenant is responsible for all expenses and maintenance at the property including taxes and insurance. Dollar General corporately guarantees the lease and is an Investment Grade Tenant with an S&P rating of BBB. This passive investment offers buyers a secure investment with no management responsibilities and rent guaranteed by a stable, recession-proof tenant.
List Price/SqFt: 177.53
Sold Price/SqFt: 177.53
Status Change Information
Major Change Timestamp: 2017-09-21T17:45:34Z
Major Change Type: Status Change
Purchase Contract Date: 2017-09-21
Close Date: 2017-09-21
Close Price: 1615488
Historical Information
Public Historical Remarks 1: Road Surface: Asphalt Road, Possible Financing-1031 Exchange: Y
Public Historical Remarks 2: Number of Buildings: 1 Building
Public Historical Remarks 3: Current Zoning: Retail
Property Features
Construction Materials: Frame
Current Use: Commercial; Retail
Flooring: Concrete
Heating: Central
Listing Terms: Cash; Conventional
Possession: Subject To Tenant Rights
Roof: Metal
Sewer: Public Sewer
Tenant Pays: All Utilities; Exterior Maintenance; Insurance; Taxes
Water Source: Public
Listing Office: SWIFT CREEK REALTY & INVESTMENT CORP.
Last Updated: January - 11 - 2025
Information deemed reliable but not guaranteed.