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Available For Sale - Retail

3,634 SF | Show Pricing $

AVAILABILITY DETAILS

Size
3,634 SF
Price/SF
Show Pricing $
Listing ID
SA439725
Notes
Marcus and Millichap is pleased to present the opportunity to acquire a brand new One Plant Cannabis Dispensary in Ocala, FL. During these uncertain times this is a great investment because medical marijuana dispensaries remain open as they are considered “essential” businesses.

One Plant features a brand new, 10-year, triple net lease with one, five-year renewal option and 10 percent rent increases every five years throughout the base term and option period. This location opened on Sept 25, 2020.

The subject property is at an exceptional location along a strong retail corridor, directly across the street from a new Wawa Gas Station. Other surrounding national retailers including Walmart Supercenter, Lowe’s, Publix, Aldi, Big Lots, Pet Supermarket, Staples, Harbor Freight Tools, Dollar General, Dollar Tree, Wawa, McDonald’s, Pizza Hut, McDonald’s. Taco Bell, CVS, Walgreens, Tire Kingdom, Pep Boys and many more. This major retail corridor is located off 36th Avenue with a daily traffic count of approximately 20,000 vehicles; and located near the entrance ramp to Silver Springs Boulevard, the major roadway that runs through the area, with a daily traffic count of more than 25,000 vehicles.

Ocala, Florida is located in the center of the state, with the subject property 40 miles South of Gainesville, 70 miles West of Daytona Beach, and 80 miles North of Tampa. The property is nine miles from Ocala International Airport which recently underwent a $6 million renovation; six miles from the College of Central Florida - Ocala Campus; and one-half mile down Silver Springs Boulevard from Ocala Golf Club. The Ocala Metro is the Horse Capital of the World. The equine industry has a yearly economic impact of $2.6 billion. Local retailers, Walmart and Publix, employ roughly 3,900 workers across several locations in the county, accounting for a substantial portion of the workforce. Walmart is among the metro’s largest employers.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Barry Wolfe, Wolfe-Lipsky Retail Group of Marcus & Millichap