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2650 SW College RdOcala, FL 34471
Fifth Third Bank Ocala, FL
Asset ClassRetail
Cap Rate4.25%
Deal Size: $3.47 MLease-Term Remaining: 20 YearsYear Renovated: 2024Access Data Room
Fifth Third Bank | 20-YR Ground Lease | Strategic, Trophy Real Estate
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this new 20-year Fifth Third Bank ground lease in Ocala, FL. Fifth Third is currently under construction and is scheduled to open in December. Rent will commence the earlier of opening or November 20, 2024.

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Investment Highlights

TROPHY REAL ESTATE

High-profile outparcel with drive-thru at the signalized entrance to a regional power center anchored by Earth Fare, Best Buy, and Burlington

 

STRATEGIC LOCATION

Strategically located at the dominant retail intersection serving Ocala with over 72,000 VPD

 

POSITIVE DEMOGRAPHIC TRENDS

Ocala was ranked the 3rd fastest growing MSA in Florida July 22’ -July 23’ and is known for its affluent equestrian community

 

INVESTMENT GRADE CREDIT

Fifth Third is rated A- by Fitch and operates +/-1,200 branches across 10 states

 

LONG-TERM COMMITMENT

20-year lease and multi-million dollar investment demonstrates Fifth Third’s long-term commitment to this site

 

PASSIVE OWNERSHIP

Absolute Net Ground Lease provides completely passive ownership and stable cash-flow for absentee owner

 

INFLATION HEDGE

Fixed 10% increases provide a hedge against inflation and an average return of 4.93% over the base term of the lease

 

SUNSHINE STATE

Florida has no state income tax and in 2022 ranked as the fastest growing State in the US

 

 

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2650 SW College RdOcala, FL 34471

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