5464 NW 43rd St
Gainesville, FL 32653
Chase Bank - Ground Lease: Gainesville, FL · Retail Property For Sale

The CBRE Net Lease Property Group is please to exclusively offer a 3,000-square-foot free standing Chase Bank situated on 0.56 acres in Gainesville, Florida (MSA Population: 281,000). Chase Bank’s new 20-year absolute NNN ground lease with 10% rent escalations every 5 years throughout the term is expected to commence in November 2017. The property is situated with excellent frontage and visibility on Northwest 43rd Street (Traffic Count: 14,600 VPD), just 4.7 miles east of I-75 (Traffic Count: 56,500 VPD) which is the primary interstate artery for the region. Chase is also within a new development that will also include a Starbucks and facility for North Florida Regional Medical Center. The other two corners of the immediate intersection are occupied by Chevron and Wells Fargo, which is an outparcel to 101,162-square foot Hunters Crossing Shopping Center which is anchored by Publix and includes Ace Hardware, Subway and McDonald’s among others. In addition, the property benefits from its location within a major retail and commercial corridor with 1.4 MSF of retail, 1.6 MSF of office, 1.3 MSF of industrial space and 4,244 multifamily units within a 3-mile radius. Other notable retailers with a presence in the immediate corridor include Walmart Supercenter, The Home Depot, Tractor Supply Co., Advance Auto Parts, Family Dollar, CVS, Walgreens, and Little Caesars among many others. Furthermore, the property benefits from upscale demographics with a population of 42,654 and an averages household income of $83,838 within a 3-mile radius.