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West Newberry Road Retail at I-75 7420 W Newberry Rd 14,110 SF 100% Leased Retail Building Gainesville, FL 32605 $4,795,520 CAD ($339.87 CAD/SF) 6% Cap Rate
Investment Highlights
- Strong Cash Flow with 100% Occupancy
- Superb Retail Location and Connectivity
- Adjacency to Key Economic Drivers
- Medium-Term Mark-to-Market Upside
- Major Intersection with High Traffic Counts
- ±84-Acre Nearby Future Development
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,110 SF
Building Class
C
Year Built
2009
Price
$4,795,520 CAD
Price Per SF
$339.87 CAD
Cap Rate
6%
NOI
$287,493 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
3.54 AC
Zoning
BH
Parking
99 Spaces (7.02 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Koko & Niko Play World
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Koko & Niko Play World | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06336-001-002 | Improvements Assessment | $1,761,500 CAD |
| Land Assessment | $683,143 CAD | Total Assessment | $2,444,643 CAD |
Property Taxes
Parcel Number
06336-001-002
Land Assessment
$683,143 CAD
Improvements Assessment
$1,761,500 CAD
Total Assessment
$2,444,643 CAD
Contacts
-
Brian de la Fé -
Nicholas Krivocheiko, CPA -
John Crotty -
Michael Fay -
David Duckworth -
Nicholas Mastro -
Avison Young
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West Newberry Road Retail at I-75 | 7420 W Newberry Rd
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