3330 Archer RdGainesville, FL 32608

Property Details for 3330 Archer Rd

Year built

1988

Construction

STEEL FRAME

Lot size

0.65 AC

Property size (Sq ft)

720 SF

Zone code

BUS

Property type

Retail properties

Property subtype

Gas stations

APN

06784-003-000

APU

6784003000

Description

This fee-simple ownership opportunity presents a 493-square-foot Shell gas station in Gainesville, FL, boasting a 6.25% cap rate and a substantial $171,707 NOI. The property, situated on a 0.65-acre lot with 6 parking spaces, benefits from a 16-year remaining lease term (expiring 11/01/2040) with two 10-year options, featuring 2% annual rent bumps. Built in 1984 and renovated in 2020, this absolute NNN lease offers zero landlord responsibilities, making it an ideal passive investment. The property enjoys a prime location at a signalized intersection with high daily traffic (107,000 vehicles), excellent visibility, and significant street frontage. Its strategic placement across from the Butler Center, a major super-regional mall with over 10.5 million annual visitors, and within a dense residential area near the University of Florida (60,000+ students), ensures a strong consumer base. The property is zoned for general business (BUS) and has an APN of 06784-003-000. The 5-mile trade area boasts over 167,000 residents and 107,000 daytime employees, with average household incomes exceeding $83,621. This investment offers significant tax advantages and bonus depreciation opportunities. The asking price is $2,747,000, translating to $5,572.01 per square foot. The property is currently 100% occupied.

• CAP approach

  CAP return

  Valuation

  6%

  $228,561

  6.5%

  $210,980

  7%

  $195,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $123,397

  Geo Method

  $123,397

• Alternative Use

  Use

  Valuation

  Residential

  $177,969

  Hospitality

  $163,019

  Educational

  $135,630

  Medical

  $140,294

  Retail

  $210,980

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6277

Longitude

-82.3721

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].