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Sale Listings $1,675,000 - Commercial

CURRENT STATUS: UNDER CONTRACT

*Price + terms, along with all offers, are subject to approval of  Walgreen Co.’s Real Estate Committee*

OFFERING TERMS

Suggested Price*: $1,675,000 (±$110 psf)

Delivery: “As-Is”

Projected Vacant: August 2018 (Offered ‘Free & Clear’ of Leases or Debt)

Offers Evaluated as Received

INVESTMENT HIGHLIGHTS

Property:

  • Year Built: 1994
  • Size: 1.68 Acres / 15,168 SF + double drive-thru
  • Parking: ±76 Spaces
  • Signage: Monument with electronic reader board + Building
  • Access: RI/RO/LI on SW 17th (shared); RI on SW College (shared); Extended full – SW 17th (via 19th); Extended Full – SW College
  • Zoning: SC (Shopping Center), City of Ocala
  • Pasco County Parcel #: 2363-002-000
  • Signalized Intersection: ±62,500 VPD
  • Use Restriction: Pharmacy
  • Investment Value: Opportunity to own a corner + building, below replacement cost, at one of the area’s major intersections
  • Proximity to I-75: Exit 350 ±2 miles; Exit 352 ±2.5 miles

Trade Area:

  • Surrounding Retail: 1.5 miles from Paddock Mall, a 550K SF mall anchored by Macy’s, Belk, Sears & JCPenney.  Other nearby retailers include Target, Bravo, Walmart, Best Buy, Staples, BB&B and CVS
  • Surrounding Automotive: 8 large auto dealerships, Pep Boys & O’Reilly.
  • College of Central FL: with an undergraduate enrollment of 7,931, CCF is approx. 1 mile to the southwest

 

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