520 University Ave Archer, FL 32618
High-yield retail investment opportunity. Strong tenant, long lease term.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
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
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield retail investment opportunity. Strong tenant, long lease term.
- Where is the retail property located?
- The property is located at 520 University Ave Archer, FL.
- What is the asking price?
- The asking price for this property is $1,620,000.
- What are key features of this property?
- This property features: 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).
- How can I contact the broker?
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