3984 43Rd StGainesville, FL 32608

Property Details for 3984 43Rd St

Year built

2019

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.09 AC

Property size (Sq ft)

8,158 SF

Zone code

R-2

Property type

Turn key restaurants

APN

06817-003-002

APU

6817003002

Description

This exceptional investment opportunity presents a ground leasehold interest in a freestanding Texas Roadhouse restaurant located at 3984 SW 43rd St, Gainesville, FL 32608. The property, built in 2019, encompasses approximately 8,392 square feet on a 2.09-acre lot and features 163 parking spaces. The property benefits from a 15-year absolute NNN lease with Texas Roadhouse, Inc. (NYSE: TXRH), a nationally recognized and financially strong tenant, with over 10 years remaining until expiration (11/30/2034). The lease includes a corporate guarantee and built-in rent bumps of 10% every five years, providing consistent income growth. The property is situated in a high-traffic area with excellent visibility, near the University of Florida and major medical facilities, ensuring strong tenant performance and long-term value. The property's zoning is R-2 Residential Multi-Family/Mixed Use. The asking price is $4,070,000, representing a 5.00% cap rate and a price per square foot of $484.99, based on a current Net Operating Income (NOI) of $203,500. The lease includes three, five-year options. This is a rare opportunity to acquire a high-quality, passively managed investment with a strong tenant and significant upside potential.

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6173

Longitude

-82.3898

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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