520 University AveArcher, FL 32618

Property Details for 520 University Ave

Lot size

1.12 AC

Property size (Sq ft)

8,000 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

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.

Location Insight

City

Archer

County

Alachua

State

Florida

Latitude

29.5361

Longitude

-82.5196

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