For Sale
$1,620,000

520 University AveArcher, FL 32618

High-yield retail investment opportunity. Strong tenant, long lease term.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a freestanding Family Dollar store located at 520 N University Ave, Archer, FL 32618. The property boasts 8,000 square feet on a 1.12-acre lot and is currently operating at 100% occupancy under a Net Lease agreement. The tenant, Family Dollar, is backed by a corporate guarantee, providing significant security for the investor. The lease commenced February 1, 2011, and has a remaining term of approximately 6.2 years, with three 5-year renewal options extending the lease to January 31, 2031. The property generates a substantial net operating income (NOI) of $122,537, resulting in an attractive 7.56% cap rate. The asking price is $1,620,000, translating to a price per square foot of $202.50. This property benefits from a high-traffic count in the immediate vicinity and a strong average household income within a 5-mile radius. The minimal landlord responsibilities associated with the Net Lease structure make this an ideal low-maintenance investment. Located just 16 miles from Gainesville, FL, this Family Dollar store offers a compelling combination of strong tenant performance, favorable lease terms, and a desirable location. This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term potential.

Highlights

  • Freestanding Family Dollar store on 1.12-acre lot, 8,000 sq ft.
  • 100% occupancy under a Net Lease with corporate guarantee.
  • 6.2 years remaining lease term, plus three 5-year options (to 1/31/2031).
  • $122,537 annual NOI, 7.56% cap rate, $1,620,000 asking price ($202.50/sq ft).
  • High-traffic location, strong demographics, low-maintenance investment.

Property Details for 520 University Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,000 SF
Lot Size (sq. ft)
48,787 SF

Location Insight

City
Archer
County
Alachua
State
Florida
Latitude
29.5361342
Longitude
-82.5196407
520 University Ave, Archer, Florida

FAQs

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].
520 University Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message