15912-15956 E Highway 40
Silver Springs, FL 34488

SRS Investment Properties Group, as exclusive broker, is pleased to offer for sale, Forest Center - a 71,646± SF neighborhood center, anchored by a high-performing Winn-Dixie and located in Silver Springs, FL. Winn-Dixie and the Winn-Dixie Liquor Store at Forest Center boast a unique market position, enabling the store to garner nearly 100% of the market share for the region. Situated 15 miles east of Ocala, 60 miles west of Daytona Beach and 65 miles north of Orlando; Winn-Dixie at Forest Center serves an extremely wide consumer radius with no competing retailers. These fundamentals have led to consistently strong reported sales, a long history of success at the Property and a highly attractive occupancy cost. At roughly 72% occupancy, Forest Center provides an excellent opportunity for the next iteration of ownership to add significant value to the Property via the lease-up of 20,018± SF, building on a stable grocery anchor, which creates a consistent necessity-based shopping draw for surrounding tenants. At an asking price of $3,200,000 or $44 PSF, the Opportunity is priced well below the cost of replacement. Paired with built-in upside, the Property presents a phenomenal opportunity for value-add investors. Location Strategically-located at the signalized intersection of FL-40 and SE 160th Ave, the Property benefits from consistent commuter traffic. FL-40 serves as the only east-west thoroughfare in Central Florida, which connects I-75 and Ocala to the west, with I-95 and Florida’s Atlantic Coast; forcing the flow of regional traffic to pass directly in front of Forest Center. Silver Springs, FL is an unincorporated community in Marion County, situated just west of and serving as a bedroom community to Ocala. Ocala is the principal city in the Ocala, FL MSA – residence to 360,000 people. It is home to Silver Springs State Park – one of Florida’s first tourist attractions with one of the largest artesian springs in the world, an amusement park and the park’s famous glass-bottom boat tours. Silver Springs provides easy access and proximity to Ocala, just 7 miles west. Ocala is renowned for its Thoroughbred horse industry and unspoiled nature preserves. Ocala is one of only five cities in the world permitted under Chamber of Commerce guidelines to use the title: Horse Capital of the World, based upon annual revenue produced by the horse industry. The Thoroughbred industry in Ocala employs roughly 20,000 people with a $2.6 billion economic impact. Marion County is home to a diverse economic base that includes a major healthcare node, a strong manufacturing business, a prominent retail presence, and a significant Thoroughbred industry. Ocala is the headquarters of Emergency One, a worldwide designer and manufacturer of fire rescue vehicles. Some of the largest employers in Marion County include Lockheed Martin, Publix, Walmart, Munroe Regional Medical Center and AT&T.