Chase Bank NNN Property For Sale — Ocala, FL
3394 SW College Road, Ocala, FL 34474
This offering presents a long-term absolute NNN ground lease with JPMorgan Chase, the largest bank in the United States, boasting an S&P rating of A+ with a stable outlook. The property features 13 years remaining on a 20-year lease, with fixed rental increases of 10% every 5 years, including options. There are no landlord management obligations or expenses. The site is strategically located at a signalized intersection, serving as an outparcel to the 87,000 SF Shoppes at Paddock Park and positioned directly on Ocala's primary east/west arterial. This area is recognized as the retail hub of Ocala, adjacent to the 490,000 SF Paddock Mall and surrounded by numerous national retailers. Although the planned 4,279 SF bank branch has not yet been constructed, Chase is fully obligated to all lea…
- Address: 3394 SW College Road, Ocala, FL 34474
- Asking price $3.44M
- 5.15% cap rate
- NOI $177,098
- 13 years remaining
- NNN lease
Asset type: Retail