5891 SE 88TH Street, Ocala, FL 34472 (MLS# 901771)

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

Overview

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.

Listing Details MLS# 901771

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
Yes
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

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

Contract Information

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

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

More Information

Location, Tax, and Legal

Parcel Number
3752001006

Construction Materials

Frame
Yes

Current Use

Commercial
Yes
Retail
Yes

Flooring

Concrete
Yes

Heating

Central
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Possession

Subject To Tenant Rights
Yes

Roof

Metal
Yes

Sewer

Public Sewer
Yes

Tenant Pays

All Utilities
Yes
Exterior Maintenance
Yes
Insurance
Yes
Taxes
Yes

Water Source

Public
Yes
Listing Office: SWIFT CREEK REALTY & INVESTMENT CORP.
Source MLS Verified
Last Updated: January - 11 - 2025
Information deemed reliable but not guaranteed.