$6,180,000 USD
480-221-4221
3440 SW 40th Blvd
Gainesville, FL 32608
West Gainesville
HIGHLIGHTS
- Long Term Lease | Annual Rental Increases | Corporate Guaranty
- Absolute NNN | Leased Fee Ownership | Income Tax-Free State Zero Landlord Responsibilities
- I-75 Visibility (98K+ VPD) | Dense Tourism & Hospitality Corridor |University of Florida (50K+ Students) | Top Performing Retailers
- Strong Demographics In 5-Mile Area | University-Driven Tourism
OVERVIEW
• The tenant, Gator Hospitality LLC, signed a 99-year lease in 2007, extending through year 2106, with no termination options
• The lease features annual 1.5% rental increases, hedging against inflation
• The lease is guaranteed by Choice Hotels International (NYSE: CHH), one of the largest lodging franchisors in the world with more than 7,000 hotels
• The property includes 83 rooms across 4 stories
FOR SALE DETAILS
PRICE
$6,180,000 USD
PRICE/SF
$131 USD /SF
# OF ROOMS
83
PRICE/ROOM
$74,458 {currency}
CAP RATE
5.5%
TENANCY
Multiple
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Comfort Inn | 99-Yr Lease | Annual Increases
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
C
YEAR BUILT
2001
PARKING SPACES
89
LAND DETAILS
LAND ACRES
1.92 AC
LAND SF
83,635 SF
ZONING
BI
APN/PARCEL ID
06800-026-000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
480-221-4221
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
480-221-4221
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
