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Advance Auto Parts - Newberry, FL 24093 Newberry ln 6,889 SF Retail Building Newberry, FL 32669 $5,259,200 CAD ($763.42 CAD/SF) 6% Cap Rate
Investment Highlights
- Directly across from a brandnew, Publix-anchored shopping center, the site sits in the path of daily grocery-driven traffic.
- Highland Park was just approved for 350 units, and an adjacent development for another 742, adding nearly 1,100 new rooftops close to the site.
- The Gainesville MSA is anchored by the University of Florida, one of the largest public universities in the country with over 56,000 students.
- The corridor features strong national operators including Chipotle, Heartland Dental, Wawa, McDonald's, and Wendy's.
- Newberry sits within the Gainesville, FL MSA, home to roughly 355,000 residents and growing.
- New retail construction, nearly 1,100 approved residential units, and a major university market all converge on this corridor.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 6,889 SF Advance Auto Parts located at 24093 W Newberry Road in Newberry, FL. This investment benefits from a prime location directly across from a brand-new, Publix-anchored shopping center, positioning the property along a strong corridor with consistent grocery-driven traffic. The proximity to a premier grocery anchor provides a significant traffic-generating halo effect, enhancing visibility, accessibility, and long-term investment appeal.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,889 SF
Building Class
C
Year Built
2026
Price
$5,259,200 CAD
Price Per SF
$763.42 CAD
Cap Rate
6%
NOI
$315,552 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.25 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Advance Auto Parts
- Retailer
- 6,889 SF
- $45.81 CAD
- Triple Net
- Jul 2041
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Advance Auto Parts | Retailer | 6,889 SF | $45.81 CAD | Triple Net | Jul 2041 |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 7
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Advance Auto Parts - Newberry, FL | 24093 Newberry ln
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