Shell | 3850 Newberry Rd
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Shell 3850 Newberry Rd
3,010 SF Retail Building Gainesville, FL 32607 $4,928,000 ($1,637.21/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 15 Years Remaining | Scheduled Annual Increases | Options to Extend | Established Operator
- Butler Center (10.5M+ Annual Visitors) | 2M+ SF over 267 Acres | #4 Most Visited Super-Regional Mall in the U.S.A.
- 1.5 Miles from University of Florida (60,000+ Students) | Dense Residential Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
- Signalized, Hard Corner Intersection (107,000+ VPD) | Recently Renovated | Excellent Visibility & Access
- Special Tax Advantages | Bonus Depreciation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,010 SF
Building Class
C
Year Built/Renovated
2004/2020
Price
$4,928,000
Price Per SF
$1,637.21
Cap Rate
6.25%
NOI
$307,994
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.80 AC
Zoning
GC - General Commercial
Parking
19 Spaces (6.31 Spaces per 1,000 SF Leased)
Frontage
80’ on Newberry Rd
AMENITIES
- 24 Hour Access
- Corner Lot
- Pylon Sign
Bike Score®
Very Bikeable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06501-010-000 | Improvements Assessment | $297,577 |
| Land Assessment | $522,720 | Total Assessment | $820,297 |
PROPERTY TAXES
Parcel Number
06501-010-000
Land Assessment
$522,720
Improvements Assessment
$297,577
Total Assessment
$820,297
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Shell | 3850 Newberry Rd
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