Brakes 4 Less
Retail | 5.60% CAP | 3,294 SqFt
Marketing description
CBRE is pleased to present an opportunity to acquire a 3,294 SF, single tenant asset occupied by Brakes 4 Less located in Gainesville, Florida. The property sits just 2 miles from the University of Florida, an institution that supports 62,000+ students and ~6,700 faculty. The asset benefits from its close proximity to the university as well as a densely populated 3-mile radius of 75,501 residents, giving the shop a competitive advantage for customers seeking close, convenient auto service. Brakes 4 Less just signed a new 10 year net lease with built in 2% annual increases starting in year five (5), and has four (4) 5-year options to renew, giving the owner long-term cash flow predictability with zero landlord obligations.
Gainesville sits in North Central Florida, making it a regional hub with excellent connectivity. The city is directly served by I-75, a major freight and commuter artery linking Gainesville to Atlanta (north) and Tampa/Miami (south), establishing it as a strong logistics and access point. This robust transportation infrastructure benefits service-oriented single tenant investments by ensuring high accessibility for customers, employees, and deliveries, a key asset attribute that supports stable tenancy and long-term value.
Expanding beyond the city core, the Gainesville Metropolitan Statistical Area (MSA), which includes Alachua, Gilchrist, and Levy counties, has a population closer to 355,000+ and continues steady growth. What this means for investors:
• A stable and growing population base supports long-term demand for goods and services
• The large student population (60k+ at UF) injects consistent consumer demand across service, retail, food and convenience segments year-round.
Gainesville combines strategic location, stable economic drivers, growing demographics, and strong transportation access; a compelling combination for investors targeting a single-tenant asset with long-term cash flow potential and no landlord responsibilities.
Investment highlights
INVESTOR APPEAL
• Strong Cash Flow Visibility: Long lease with rent escalations and multiple renewal options remaining
• Zero Management Required: Absolute Net Lease offers passive income, zero landlord obligations, and annual income predictability
• College Town: 60K+ students attend University of Florida creating a built-in, recession resistant demand
True Passive “Mailbox Money”
Tenant is responsible for all CAM and structural repairs, removing landlord expense volatility and day-to-day ownership management burden.
Long-Term Income Viability
With 10 years remaining, the lease provides durable cash flow through multiple market cycles, with annual rent increases built in that help hedge inflation and rising replacement costs.
High-Visibility, High Traffic Corridor
Situated on N Main Street, a principal north - south artery in Gainesville that serves daily commuters, residents, students, and commercial traffic, critical for an auto service use with strong drive-in demand.
Built-In Runway Beyond the Primary Term
Renewal options extend the potential holding period for a buyer, supporting long-duration income and exit flexibility.
Demographics & Renter Base
Gainesville’s student/young-professional orientation tends to translate into high mobility and frequent vehicle use (steady demand for tires, brakes, oil changes, inspections).
Auto Use = Needs Based Demand
Auto service is non-discretionary (maintenance/repairs), typically more resilient than many retail categories during softer economic periods.
Simple, Predictable Ownership Profile
Single-tenant format, straightforward operations, and NNN lease structure makes this asset easy to underwrite and manage.
Extremely Low, Below-Market Rents
Below-market rents provide immediate affordability and tenant stability while providing future NOI growth potential upon renewal or re-tenanting.
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