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6791-6795 W Newberry Rd
Gainesville, FL 32605
Oaks Mall Restaurant Pad | Gainesville, FL · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Trade Area Includes Regional Economic Drivers: The Oaks Mall (owned by Brookfield Properties) with 4 million annual visitors
- Internet-Resistant Restaurant Tenants Providing Long-Term Occupancy Stability
- High Daytime Traffic Enhancing the Tenants’ Performance and Long-Term Asset Value
- Strong and Affluent Demographics: 178,620 people with an average household income of $101,348 within a 5-mile radius
EXECUTIVE SUMMARY
Long-Term Tenants with Proven Track Record | Below-Market Rents with Upside Potential | Ideal Visibility from I-75 (91,000 VPD) & Newberry Road (52,000 VPD)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,245 SF
Building Class
C
Year Built/Renovated
1986/2020
Price
$2,850,000
Price Per SF
$253.45
Cap Rate
7%
NOI
$199,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.97 AC
Zoning
BUS - Building is zoned for Urban Mixed Use (U8) permiting mini warehouse/storage use or future mixed use redevelopement.
Parking
63 Spaces (5.6 Spaces per 1,000 SF Leased)
Frontage
344’ on West Newberry Road
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,351,165 | |
| Land Assessment | $1,344,235 | Total Assessment | $4,695,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,344,235
Improvements Assessment
$3,351,165
Total Assessment
$4,695,400
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