Listed by Avison Young - Fort Lauderdale, Avison Young - Miami, Avison Young - Tampa
$3,499,000
7420 Newberry Retail Center
Details
APN 06336-001-002
Property Type Retail
Sub Type Shopping Center
Square Footage 14,110
Cap Rate 6.00%
NOI $209,766
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $248
Class C
Year Built 2009
Acreage 3.540
Parking Spaces 90 spaces
Parking Per SqFt 6.38
Investment Type Stabilized
Ground Lease No
Retail | 6.00% CAP | 14,110 SqFt
Marketing description
Avison Young is pleased to present the exclusive opportunity to acquire the 7420 Newberry Retail Center (the “Property”), a fully-occupied, ±14,110 SF retail asset located at the intersection of West Newberry Road (±52,000 AADT) and I-75 (±98,500 AADT) in Gainesville, Florida. Built in 2009, this center provides immediate, low-management cash flow with ample mark-to-market upside. The Property’s roster of service-oriented tenants focused on childcare and fitness directly caters to the year-round needs of West Gainesville’s professional families.
Investment highlights
- Strong Cash Flow with 100% Occupancy
- Medium-Term Mark-to-Market Upside
- Superb Retail Location and Connectivity
- Major Intersection with High Traffic Counts
- Adjacency to Key Economic Drivers
- ±84-Acre Nearby Future Development
Listing Contacts
Listed by Avison Young - Fort Lauderdale, Avison Young - Miami, Avison Young - Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$209,766.00
$17,480.50/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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