5080 W Newberry Rd - Bank FOR SALE


Gainesville, FL 32607- West Gainesville
$3,300,000 USD
407-234-4111
5080 W Newberry Rd, Gainesville, FL for Sale
$3,300,000 USD
Bank - FOR SALE
1/32
null | 6.3% Cap Rate

5080 W Newberry Rd
Gainesville, FL 32607
West Gainesville


HIGHLIGHTS

  • Seller financing available!!!
  • Absolute NNN lease backed by Truist Financial (Fitch: A)
  • 1.5% annual rent increases throughout initial term and extension periods
  • High-traffic location (53,000 AVD) minutes from the University of Florida and Interstate 75
  • Three drive-thru lanes, ample on-site parking, and mature landscaping
  • Less than 3 miles from University of Florida campus

OVERVIEW

Seller Financing Available!!! Comprising 12,628 SF, the Truist Bank - Gainesville represents the unique opportunity to own a corporate backed absolute NNN property in one of Florida’s most dynamic submarkets, minutes away from the University of Florida, HCA Florida North Hospital, and the Oaks Mall (only regional mall in MSA). Positioned less than one mile from Interstate 75, Truist Bank - Gainesville comprises 12,628 SF and includes a 1.48-acre site, three drive-thru lanes, mature landscaping, and ample parking. The absolute NNN lease has 2.7-years of remaining term (March 2028) with favorable 1.5% annual rent increases and six five-year extension options. The University of Florida and its related healthcare centers are the largest employers in the Gainesville MSA, providing economic stability to the region and an abundance of high paying jobs. The market benefits from its excellent connectivity via Interstate 75 and other major transportation arteries to Jacksonville, Orlando, and Tampa. Over the last ten years, the Gainesville’s population has grown at 2x the U.S. average and is expected to remain strong going forward.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Truist Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

CP

APN/PARCEL ID

06545-050-000,06545-058-000

ASK ABOUT THIS PROPERTY

Carter CollisonCollison CapitalMore Info
407-234-4111

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Carter CollisonCollison CapitalMore Info
407-234-4111

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