2278 NW 43rd St - Storefront FOR SALE


Gainesville, FL 32605- Northwest Gainesville
$2,893,500 USD
973-632-1386
2278 NW 43rd St, Gainesville, FL for Sale
$2,893,500 USD
Storefront - FOR SALE
1/9
null | 6.05% Cap Rate

2278 NW 43rd St
Gainesville, FL 32605
Northwest Gainesville


HIGHLIGHTS

  • Brand New 10-Year Corporate Lease with 2 (5-Year) Option Periods to Extend
  • 10% Rental Increases Every 5 Years Throughout the Initial Term and Options
  • Located at the Signalized Intersection of 43rd Street and 16th Boulevard, Averaging a Combined 43,800 Vehicles per Day
  • Adjacent to The Marketplace (90K+ SF), Thornbrook Village Shopping Center (82K+ SF), and Millhopper Shopping Center (80K+ SF)
  • Publix Across the Street in Millhopper Square Is Ranked in the Top 85th Percentile of Publix’s Nationwide with 1.2M Visits per Year
  • One-Mile Average Household Income of $119,955

OVERVIEW

• The tenant recently signed a brand new 10-year lease with 2 (5-year) option periods to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation • The landlord is responsible for CAM, Taxes, and Insurance; however, gets reimbursed for all operating expenses • Ideal, low-management investment opportunity in a state with no state income tax • Founded in 1898, Cox Communications is the largest private broadband provider in the United States

FOR SALE DETAILS

PRICE

$2,893,500 USD

PRICE/SF

$827 USD /SF

CAP RATE

6.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cox Communication

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.41 AC

LAND SF

322,786 SF

ZONING

OF

APN/PARCEL ID

06371-003-000

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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