• For sale
Shoppes of Ocala
Shoppes of Ocala
Shoppes of Ocala

For Sale

$2,765,888 USD

Sean Glickman, CCIM and Mike Milano, CCIM, MAI with the Milano-Glickman Retail Team and Executive Managing Directors at Colliers International are proud to offer for sale Shoppes of Ocala, a 13,962 SF unanchored, value add strip center located in the heart of Ocala’s most dynamic retail corridor. The property is shadow anchored by Walgreens and is located on a hard signalized intersection, featuring a diversified line-up of national brands and strong regional/local tenants that are service-oriented, recession and e-commerce resilient. Although there are stable tenants in-place with triple net (NNN) leases, there is an excellent opportunity to create value during the course of ownership as a majority of the tenants are paying significantly below-market rents.

  • Positioned at a hard-signalized intersection along Hwy 200 in Ocala’s dominant retail corridor.

  • Across the street from Ocala’s premier 600,000 SF open-air lifestyle center.

  • Outparcel to one of Ocala’s major hospitals and shadow-anchored by Walgreens.

  • Easy access to I-75, one of Florida’s major highways.

  • Ideal line-up of service-oriented, recession and ecommerce resilient tenants.

  • Anchored by Bonefish, a national chain with over 188 locations.

  • All leases are triple net (NNN) – minimal expense slippage.

  • Consistent NOI growth due to contractual rent increases.

  • Well-diversified income stream from seven (7) types of users.

  • Many tenants have a significant track record of success at this property.

  • Multiple tenants pay below market rents