Frontier Plaza | Ocala, FL
Sands Investment Group is Pleased to Present For Sale the 9,600 SF Frontier Plaza Shopping Center Property Located at 9360 Highway 441 in Ocala, FL. This Deal Includes an 93% Occupied Center With Majority of Tenants Having Spent 7+ Years in the Center, With 5% Rent Bumps Upon Renewal of Lease, Providing For a Secured Investment.
- Historical Occupancy: 93% Occupancy With Majority of Tenants Having Spent 7+ Years in the Center
- Growing Market: Ocala Has Seen Exponential Growth Over the Last Decade; Population of 18,000 Within 3-Miles, Expected to Grow 7%+ By 2028; Greater Ocala MSA Currently Supports a Population of Over 239,000 Residents
- Development Opportunity: Additional Developable Land Zoned B-5 in Rear of Property With Separate Access Road Entrance
- Rental Increases: 5% Rent Bumps Upon Renewal of Lease; WALT of 1.34 Provides For Immediate Upside in Coming Year
- Frontage and Visibility on Highway 441, Which Sees Over 32,000 + VPD
- Multiple Units Allows For Mitigated Vacancy Risk
In Cooperation With SIG RE Services, LLC – Lic. #CQ1055229 BoR: Andrew Ackerman – Lic. FL #BK3369953
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