Located at 3451 Southwest College Road in Ocala, Florida, this single-tenant freestanding Verizon Wireless store consists of a 4,500 sq.ft. retail space with ample parking that sits on a huge 1.27-acre-parcel of land. The subject property is situated less than a mile from the College of Central Florida – Ocala Campus that has a student count of more than 9,500. It is also just a mile away from Paddock Mall. The property is strategically positioned at the signalized intersection of the entrance to a Home Depot and Southwest College Road and sees over 44,507 vehicles per day. The property is also distanced just 400 feet from the Interstate-75 exit, which sees 73,500 vehicles per day. Several national and regional retailers are also present in the surrounding, including Chick-Fil-A, Home Depot, Bob Evans, Panda Express, T-Mobile, Mattress One, Chili’s, BP, Holiday Inn & Suites, Hampton Inn & Suites, Pet Smart Hudson’s Furniture, and Ruby Tuesday.
Headquartered in New Jersey, Verizon Communications Inc. (NYSE, NASDAQ: VZ), is a global leader in delivering broadband and other wireless and wireline communication services to consumer, business, government, and wholesale customers. The company is a joint venture of Verizon Communications and Vodafone (NASDAQ and LSE: VOD). With approximately 111 million retail consumers nationwide, Verizon Wireless is America’s most reliable wireless network.
This investment property is suitable for a 1031 exchange.
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