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Whistle Express 16093 NW 163rd Lane 4,700 SF 100% Leased Retail Building Alachua, FL 32615 $6,544,832 ($1,392.52/SF) 6.75% Cap Rate
Investment Highlights
- 100% Bonus Depreciation
- Income Tax Free State
- High - Traffic Frontage
- Strong Corporate Guarantee
- Santa Fe High School
- Affluent Demographics
Executive Summary
Surmount is pleased to present the exclusive listing for a Whistle Express located at 16093 Northwest 163rd Lane, Alachua, FL 32615. The site consists of roughly 4,700 rentable square feet of building space on an estimated 1.63-acre parcel of land. Whistle Express is subject to a 20-year Triple Net (NNN) lease, which commenced 1/5/2024. The current annual rent is $441,776 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,700 SF
Year Built
2023
Price
$6,544,832
Price Per SF
$1,392.52
Cap Rate
6.75%
NOI
$441,776
Percent Leased
100%
Building Height
1 Story
Building FAR
0.07
Lot Size
1.63 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Contacts
-
Edward Otocka -
Amelia Haydock -
Joseph Kelly -
Glen Kunofsky -
Thomas Jonsson -
Christopher Marks -
Surmount
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Whistle Express | 16093 NW 163rd Lane
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