16300 NW US Highway 441 - Auto Repair FOR SALE


Alachua, FL 32615
$5,076,117 USD
734-755-6359
16300 NW US Highway 441, Alachua, FL for Sale
$5,076,117 USD
Auto Repair - FOR SALE
1/5
null | 5.15% Cap Rate

16300 NW US Highway 441
Alachua, FL 32615


HIGHLIGHTS

  • HUGE DEVELOPMENT AREA OF FLORIDA! Residential homes, Infrastructure Improvements, Subdivisions & Tower Hill Headquarters (300 employees).
  • 15 Year Absolute NNN Lease | No Landlord Responsibilities.
  • Santa Fe Crossings - New Development | 5 Sites Including Wawa & pending Chick-fil-A & Car Wash.
  • Just off I-75 S Exit (68,500 ADTC), Adjacent to Santa Fe Ford Dealership.

OVERVIEW

Fortis Net Lease is pleased to present this 6,621 SF Firestone Complete Auto Care store located in Alachua, Florida. This 15 year Absolute NNN Lease will require zero landlord responsibilities. The lease offers 5% rental rate increases every 5 years including at each of the 5 (5 Year) Options. The store is currently under construction with rent start & store opening on track for June 2025. This Firestone benefits from excellent visibility as it is located on the corner of 173rd Street (seeing 5,500 VPD) & Highway 441 (seeing 34,000 cars per day). It sits just off the I-75 exit (seeing 68,500 cars per day), next to the Santa Fe Ford dealership, and part of the new Santa Fe Crossings development (which includes Wawa and pending Chick-fil-A & a Car Wash). This immediate area has many developments in process including multiple subdivisions and the construction of the Tower Hill Headquarters - a 72,000 SF building housing 300 employees. The ten mile population from the site is 45,681. The three mile household income is $92,442. This is a growing area of Florida with the 10 mile population growth rate at 6.24% This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.15% cap rate based on NOI of $261,420.

FOR SALE DETAILS

PRICE

$5,076,117 USD

PRICE/SF

$767 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Firestone Complete Auto Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

C-1

APN/PARCEL ID

03044-003-000

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

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