2278 43Rd StGainesville, FL 32606

Property Details for 2278 43Rd St

Year built

2024

Property size (Sq ft)

3,500 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional investment opportunity presents a brand-new, 3,500 square foot retail building in Gainesville, Florida, occupied by Cox Communications under a 10-year net lease. The property boasts a strong 5.85% cap rate and a substantial $175,000 annual net operating income (NOI). The lease includes 10% rent increases every five years and two five-year renewal options, ensuring long-term income stability. Cox Communications, a highly rated investment-grade tenant with a corporate guarantee, provides exceptional creditworthiness. Strategically located at a signalized intersection with high daily traffic counts (43,800 vehicles), the property benefits from its proximity to major roadways, including Interstate 75, and is part of a larger developing commercial area including a new urgent care facility and planned retail space. The location also enjoys excellent visibility and accessibility, situated near established shopping centers like The Marketplace, Thornbrook Village, and Millhopper Shopping Center, and across the street from a high-performing Publix supermarket. The affluent surrounding neighborhood, with an average household income exceeding $119,955 within a one-mile radius, further enhances the property's investment potential. Built in 2024, this single-story building is zoned for general office use and offers a compelling return on investment for discerning buyers. The asking price is $2,991,500, translating to $854.71 per square foot.

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6738

Longitude

-82.3893

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