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Shell | 16+yrs Remain Abs NNN 3330 SW Archer Rd

493 SF Retail Building Gainesville, FL 32608 $2,747,000 ($5,572/SF) 6.25% Cap Rate

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Investment Highlights

16+ Years Remaining | Scheduled Annual Increases | Options to Extend | Personal & Franchisee Guaranty
Special Tax Advantages | Bonus Depreciation
Signalized, Hard Corner Intersection (107,000+ VPD) | Recently Renovated | Excellent Visibility & Access

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
Butler Center (10.5M+ Annual Visitors) | 2M+ SF over 267 Acres | #4 Most Visited Super-Regional Mall in the U.S.A.
Less than 2-Miles from University of Florida (60,000+ Students) | Dense Residential Corridor

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, recently renovated, Shell Gas Station and Car Wash investment property located in Gainesville, Florida. The tenant has over 16 years remaining on its lease with 2 (10-year) option periods to extend. The lease features 2% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor in a state with no state income tax.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Service Station

Building Size

493 SF

Building Class

Year Built/Renovated

1984/2020

Price

$2,747,000

Price Per SF

$5,572

Cap Rate

6.25%

NOI

$171,707

Tenancy

Single

Building Height

1 Story

Building FAR

0.02

Land Acres

0.65 AC

Zoning

BUS - General Business District

Parking

6 Spaces (12.17 Spaces per 1,000 SF Leased)

Frontage

199 FT on SW 34th St

Amenities

Corner Lot

Pylon Sign

Signage

Signalized Intersection

Mining, Quarrying, and Oil and Gas Extraction
99,999 SF
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Shell is an international energy company with expertise in the exploration, production, refining and marketing of oil and natural gas, and the manufacturing and marketing of chemicals. They use advanced technologies and take an innovative approach to help build a sustainable energy future. They invest in power, including from renewable sources such as wind and solar. They also invest in electric vehicle charging and low-carbon fuels for transport, such as advanced biofuels and hydrogen