1260 SW 16th Ave - Convenience Store FOR SALE


Gainesville, FL 32601- University Heights South
$2,957,000 USD
305-395-6972
1260 SW 16th Ave, Gainesville, FL for Sale
$2,957,000 USD
Convenience Store - FOR SALE
1/2
null | 5.75% Cap Rate

1260 SW 16th Ave
Gainesville, FL 32601
University Heights South


HIGHLIGHTS

  • ACROSS THE STREET FROM UF HOSPITAL I RANKED #1 HOSPITAL IN FL 2021 | +1,100 BEDS – THE UF
  • BRAND NEW CONSTRUCTION | RAPID SERVICE COFFEE CONCEPT
  • ABSOLUTE NNN LEASE | 20-YEAR TERM PLUS OPTIONS | 2.00% ANNUAL INCREASES
  • ACROSS THE STREET FROM VA NORTH FLORIDA/SOUTH GEORGIA VETERAN HEALTH HOSPITAL | SEES ±9,800,000 PATIENTS PER YEAR
  • ±0.4 MILES AWAY FROM UNIVERSITY OF FLORIDA | TOP RANKED UNIVERSITY IN THE COUNTRY
  • PROPERTY IS LOCATED ON A 4 WAY LIGHTED INTERSECTION THAT SEES ±41,700 VPD

OVERVIEW

ACROSS THE STREET FROM UF HOSPITAL I RANKED #1 HOSPITAL IN FL 2021 | +1,100 Beds– The UF Health Hospital is a leading healthcare institution, recognized for its excellence in patient care, research, and medical education. Serving communities across North Florida and beyond, UF Health encompasses a state-of-the-art medical center in Gainesville, along with numerous specialty clinics and outpatient facilities. ? BRAND NEW CONSTRUCTION I RAPID SERVICE COFFEE CONCEPT – Built in 2025, this 7 Brew location is part of a fast-growing drive-thru coffee concept focused on service, speed, and quality. Since its 2017 launch, 7 Brew has expanded to 262 locations across 29 states, with further growth fueled by Blackstone’s 2024 investment. The franchisee, 7 Ventures, Inc., the largest in the system, operates 39+ locations and plans to open 200+ across six states. ? ABSOLUTE NNN LEASE I 20-YEAR TERM PLUS OPTIONS I 2.00% ANNUAL INCREASES – This property operates under a 20-year absolute NNN lease with four 5-year renewal options, ensuring long-term stability. The lease includes a 2% annual rent increase, providing consistent income growth. As a fully passive investment, the landlord has no responsibilities for maintenance, taxes, or insurance. ? ACROSS THE STREET FROM VA NORTH FLORIDA/SOUTH GEORGIA VETERAN HEALTH HOSPITAL I SEES ±9,800,000 PATIENTS PER YEAR – The VA North Florida/South Georgia Veterans Health System is the largest VA health care system in the United States, ranking in the 21st overall percentile. It serves Veterans across North Florida and South Georgia, encompassing two medical centers located in Gainesville and Lake City, a 45-bed domiciliary, three large multi-specialty outpatient clinics, and nine community-based outpatient clinics, covering a 40,000-square-mile area. ? ±0.4 MILES AWAY FROM UNIVERSITY OF FLORIDA I TOP RANKED UNIVERSITY IN THE COUNTRY – The University of Florida enrolled 54,814 students, comprising 34,924 undergraduates and 19,890 graduate students. UF consistently ranks among the top public universities in the United States. It was also ranked #1 best public university in the United States by the Wall Street Journal in 2024. ? PROPERTY IS LOCATED ON A 4 WAY LIGHTED INTERSECTION THAT SEES ±41,700 VPD – The property's proximity to major retail centers like Butler Plaza, the largest retail power center in Florida with over 100 stores including anchors like Lowe's, Walmart, Target, Best Buy, Sam's Club, and two Publix supermarkets, further enhances its appeal. Additionally, The Oaks Mall, another significant retail hub, is located nearby, providing a wide array of shopping and dining options.

FOR SALE DETAILS

PRICE

$2,957,000 USD

PRICE/SF

$1,427 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 BREW DRIVE-THRU COFFEE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

MU1

APN/PARCEL ID

15620-001-000

ASK ABOUT THIS PROPERTY

Daniel GonzalezMatthews Real Estate Investment ServicesMore Info
305-395-6972

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Daniel GonzalezMatthews Real Estate Investment ServicesMore Info
305-395-6972

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.