This exceptional investment opportunity presents a fee-simple, single-tenant Dollar General property located at 2112 SW 13th St, Gainesville, FL 32608. The 9,000 square foot building, constructed in 2009 on a 0.88-acre lot, boasts a strong 6.35% cap rate and a substantial net operating income (NOI) of $127,248. The property benefits from a long-term, net lease with a credit-rated, corporate-guaranteed tenant. The lease, originally commencing October 26, 2009, has a remaining term of approximately 4.9 years, followed by two 5-year renewal options with 10% rent increases each. Dollar General enjoys excellent visibility on a major commercial corridor (US Route 441), surrounded by complementary businesses, student housing, and residential communities. The property's strategic location is less than a mile from major hospitals and 1.5 miles from the University of Florida, benefiting from a large and diverse customer base. Daily traffic counts exceed 22,000 vehicles. The surrounding area boasts a strong demographic profile, with over 84,400 people within a 3-mile radius and an average household income exceeding $58,586. This property offers a compelling combination of strong tenant credit, a desirable location, and significant upside potential through lease escalations, making it an attractive investment for passive investors seeking stable, long-term income. The landlord is responsible for roof and structure maintenance
Highlights
Long-term lease with Dollar General, established tenant since 2009, with 5+ years remaining and two 5-year renewal options.
NN lease with tenant responsible for all operating expenses except roof and structure, ideal for passive investors.
Lease includes attractive 10% rent increases at each renewal option.
Investment-grade credit tenant (BBB/Baa2) with over 19,100 locations nationwide.
High-visibility location on US Route 441, near student housing, hospitals, and the University of Florida.
Proximity to University of Florida (1.5 miles), a major university with over 50,000 students.
Property Details
for 2112 13Th St
Property type
Retail properties, Retail space
Square Feet
9,000 SF
Year Built
2009
Buildings
1
Stories
1
Lot Size (sq. ft)
38,333 SF
Units
1
Location Insight
City
Gainesville
County
Alachua
State
Florida
Latitude
29.6321843
Longitude
-82.3398425
2112 13Th St, Gainesville, Florida
Nearby Similar for Sale
For Sale
$8,046,000
Gainesville Crunch Fitness NNN
High-yield, long-term NNN lease. Prime Gainesville location.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.