Tower Center Shopping Plaza
Retail | 79,678 SqFt
Marketing description
Tower Center Shopping Plaza presents an exceptional investment opportunity in a high-growth Gainesville corridor with stable tenancy, strong cash flow, and long-term development potential.
Investment Opportunity - 3 building Shopping Plaza for Sale with 79,678± SF of retail space. Tower Center Shopping Plaza presents an exceptional investment opportunity in a high-growth Gainesville corridor with stable tenancy, strong cash flow, and long-term development potential.
Tower Center Shopping Plaza is a premier 28.45-acre commercial property strategically located just off Tower Road in Gainesville, Florida. This dynamic retail destination comprises three well-maintained parcels featuring a total of three buildings and is 100% leased, offering immediate in-place income and long-term upside potential.
The site is accessed via a signalized intersection, ensuring smooth ingress and egress, and is ideally positioned with easy access to I-75, Gainesville’s primary interstate thoroughfare.
The plaza offers ample parking, with more than 400 spaces serving Buildings A and B, and an additional 47 dedicated spaces for Building C.
Building A, the centerpiece of the plaza, is a 66,803± SF strip center anchored by national wholesaler Restaurant Depot. The building includes 15 tenant spaces, creating a diverse and synergistic tenant mix that draws consistent customer traffic.
Building B, constructed in 2020, spans 6,300± SF and is home to three tenants. Spaces boast full showroom windows and convenient parking for customers.
Building C, delivered in 2022, offers 7,000± SF of space occupied by three tenants. With high visibility and direct frontage on Tower Road—a major north-south corridor with an average daily traffic count (AADT) of 21,000±—this building benefits from strong exposure with both monument and on-building signage.
The site is accessed via a signalized intersection, ensuring smooth ingress and egress, and is ideally positioned with easy access to I-75, Gainesville’s primary interstate thoroughfare.
The plaza offers ample parking, with over 400 spaces serving Buildings A and B, and an additional 47 dedicated spaces for Building C.
Additional income streams include:
Revenue from flip signage
Billboard income from I-75 exposure
CAM-generated revenue through shared water retention usage
An outparcel is in place for future development of a 30,000± SF building, offering significant upside for expansion or redevelopment.
Tower Center Shopping Plaza presents an exceptional investment opportunity in a high-growth Gainesville corridor with stable tenancy, strong cash flow, and long-term development potential.
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Investment highlights
Investment opportunity of fully leased 3 building-shopping plaza with 79,678± SF of retail space
Great location with easy access to I-75
Building C has Tower Road frontage with excellent visibility
Includes outparcel for future expansion able to accommodate a 30,000± SF building
Access via signalized intersection for easy ingress/egress
Monument signage, flip signage and on-building signage
447± parking spaces
3 parcels (28.45± acres)
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