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6791-6795 W Newberry Rd
Gainesville, FL 32605
Oaks Mall Restaurant Pad | Gainesville, FL · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Trade Area Includes Regional Economic Drivers: The Oaks Mall (owned by Brookfield Properties) with 4 million annual visitors
- Internet-Resistant Restaurant Tenants Providing Long-Term Occupancy Stability
- High Daytime Traffic Enhancing the Tenants’ Performance and Long-Term Asset Value
- Strong and Affluent Demographics: 178,620 people with an average household income of $101,348 within a 5-mile radius
EXECUTIVE SUMMARY
Long-Term Tenants with Proven Track Record | Below-Market Rents with Upside Potential | Ideal Visibility from I-75 (91,000 VPD) & Newberry Road (52,000 VPD)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,245 SF
Building Class
C
Year Built/Renovated
1986/2020
Price
$3,942,661 CAD
Price Per SF
$350.61 CAD
Cap Rate
7%
NOI
$275,986 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.97 AC
Zoning
BUS - Building is zoned for Urban Mixed Use (U8) permiting mini warehouse/storage use or future mixed use redevelopement.
Parking
63 Spaces (5.6 Spaces per 1,000 SF Leased)
Frontage
344’ on West Newberry Road
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 06655-050-001 | Improvements Assessment | $549,115 CAD |
| Land Assessment | $364,891 CAD | Total Assessment | $914,006 CAD |
PROPERTY TAXES
Parcel Number
06655-050-001
Land Assessment
$364,891 CAD
Improvements Assessment
$549,115 CAD
Total Assessment
$914,006 CAD
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