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1426 N Main St
Gainesville, FL 32601
Retail Property For Sale


Investment Highlights
- Strong Cash Flow Visibility: Long lease with rent escalations and multiple renewal options remaining.
- College Town: 60K+ students attend University of Florida creating a built-in, recession resistant demand
- Located on N Main Street, a major Gainesville corridor with strong daily traffic and ideal conditions for a high-demand auto service use.
- Zero Management Required: Absolute Net Lease offers passive income, zero landlord obligations, and annual income predictability.
- Below-market rents provide immediate affordability and tenant stability while providing future NOI growth potential upon renewal or re-tenanting.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,294 SF
Building Class
C
Year Built/Renovated
1974/1985
Price
$1,162,146 CAD
Price Per SF
$352.81 CAD
Cap Rate
5.60%
NOI
$65,080 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.31 AC
Zoning
BA
Frontage
97’ on N Main St
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 09876-002-001 | Improvements Assessment | $113,942 CAD |
| Land Assessment | $184,625 CAD | Total Assessment | $298,567 CAD |
Property Taxes
Parcel Number
09876-002-001
Land Assessment
$184,625 CAD
Improvements Assessment
$113,942 CAD
Total Assessment
$298,567 CAD
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