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Starbucks - Gainesville FL 4344 SW Archer Rd 2,500 SF Retail Building Gainesville, FL 32608 $3,322,000 ($1,328.80/SF) 5% Cap Rate
Investment Highlights
- 8+ Years Remaining | Options To Extend | Corporate Signed | Scheduled Rental Increases
- Gainesville, FL | Strong Demographics In 5-Mile Trade Area
- NN Leased | Fee Simple Ownership | No State Income Tax | Limited Landlord Responsibilities
- Signalized, Four-Way Intersection | Off I-75 (104,500 VPD) | Next to #1 Wawa and Texas Roadhouse Locations in FL | UF (62,000 Students)
Executive Summary
• Starbucks has 8+ years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 40,200 stores
• The lease features 10% rental increases at the beginning of each option
• The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 40,200 stores
• The lease features 10% rental increases at the beginning of each option
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,500 SF
Building Class
B
Year Built
2019
Price
$3,322,000
Price Per SF
$1,328.80
Cap Rate
5%
NOI
$166,100
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.86 AC
Zoning
General Commercial
Parking
31 Spaces (12.4 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06818-001-000 | Improvements Assessment | $582,051 |
| Land Assessment | $1,123,848 | Total Assessment | $1,705,899 |
Property Taxes
Parcel Number
06818-001-000
Land Assessment
$1,123,848
Improvements Assessment
$582,051
Total Assessment
$1,705,899
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