Listed by Better Homes and Gardens Real Estate Thomas Group
$3,379,000
14451 W Newberry Road
Details
APN 04350-005-002
Property Type Special Purpose
Sub Type Other
Square Footage 8,375
Units 3
Occupancy 31%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 7.81%
Pro-Forma NOI $263,787
Year Built 2005
Acreage 0.960
Zoning BH
Special Purpose | 8,375 SqFt
Marketing description
Located at the intersection of W Newberry Road and NW 143rd ST.
Retail - NEWBERRY, FL
Located nearby many national retailers and prominently positioned facing busy Newberry Road, this is an opportunity to own over 8,300 square feet of retail space in the Tioga market of western Alachua County. Nearby retailers include Publix, Starbucks, CVS, Walgreens, Tractor Supply, McDonalds, Sherwin-Williams, and many other restaurants, shops and offices. Suite A, 5,761 square feet, will be delivered as vacant space. A premium opportunity for an owner user, or to lease the space for a noteworthy return. Suite B & C, 2,614 SF total, are leased to Goodwill Industries through 2034, generating a near six figure annual return.
Investment highlights
- Located nearby many national retailers and prominently positioned facing busy Newberry Road, this is an opportunity to own over 8,300 square feet of retail space in the Tioga market of western Alachua County.
- Nearby retailers include Publix, Starbucks, CVS, Walgreens, Tractor Supply, McDonalds, Sherwin-Williams, and many other restaurants, shops and offices.
- Suite A, 5,761 square feet, will be delivered as vacant space. A premium opportunity for an owner user, or to lease the space for a noteworthy return. Suite B & C, 2,614 SF total, are leased to Goodwill Industries through 2034, generating a near six figure annual return.
- **NOI displayed represents a proforma projection, assuming the vacant space is leased for $29/SF NNN.
- Description: Prominent Retail Building for Sale
- Building Size: 8,375 SF
- Available Space: 5,761 SF
- Location: Newberry, FL 32669
Listing Contacts
Listed by Better Homes and Gardens Real Estate Thomas Group
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