4145 NW 53rd Ave | Gainesville, FL 32653
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- LoopNet Team
4145 NW 53rd Ave
Gainesville, FL 32653
Abs NNN FL CVS | Dense Affluent Infill Area · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- This CVS lease has over 9 years guaranteed lease term before the tenant’s next option to renew.
- Located in a high-income trade area with the average household income exceeding $102,000 within a 1 and 3-mile radius.
- The property is positioned adjacent to HCA Florida Millhopper Emergency Center with several other medical facilities in the immediate surrounding area
- The current lease runs through November 30, 2034, with a two-year rent holiday period at the end of the primary term.
- The lease includes ten (5-year) renewal options, with 5% rental increases at the first and second option and a 10.29% increase in 2029.
- CVS is positioned on a signalized corner surrounded by numerous complementary retail tenants, including the Hunters Crossing shopping center.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,528 SF
Building Class
C
Year Built
2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
0.80 AC
Zoning
MU1
Parking
55 Spaces (4.07 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 06070-010-002 | Improvements Assessment | $1,539,938 |
| Land Assessment | $696,960 | Total Assessment | $2,236,898 |
PROPERTY TAXES
Parcel Number
06070-010-002
Land Assessment
$696,960
Improvements Assessment
$1,539,938
Total Assessment
$2,236,898
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