Jungle Boys Cannabis
New
For Sale
Contact for pricing
1120 W University Avenue, Gainesville, FL 32601
In-line dispensary with a recently rebuilt building and absolute NNN lease structure.
Property Size3,725 SF
Price / SF$1,102
Days on Market6
Property Features for 1120 W University Avenue
General Information
Standard status
Active
Size
3,725 SF
Property subtype
Retail
Zoning
Urban 9 (City of Gainesville)
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$297,669
Building Details
Year Built
1935
Year Renovated
2025
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Ripco Real Estate
(727) 452-6864
Listed By:
Ari Ravi · License #SL- 3210827
Source:
Crexi
Added: Aug 27
Changed: Aug 31
Last Checked: Aug 31 at 8:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ripco Real Estate
Investment Insights
Based on property information with market context.
The 3,725-square-foot in-line retail building operates as a Jungle Boys cannabis dispensary. The tenant completed a full building rebuild at its own expense, including a new TPO roof, three rooftop HVAC units, new storefront glazing, and 400-amp electrical service. The property was originally built in 1935 and is zoned Urban 9 by the City of Gainesville.
An absolute NNN lease runs through August 2032, with no landlord obligations for the roof, structure, or HVAC. Base rent increases 2% annually during the initial term and renewal periods, and three additional options could extend occupancy through 2047. The lease is supported by a guaranty from Green Ops Ocala LLC, an affiliate of the tenant.
The property is positioned on West University Avenue, two blocks east of the University of Florida campus, with 16,300 AADT at the site. Nearby context includes UF Health Shands, two student housing high-rises with more than 900 beds, and the Gainesville Innovation District. The surrounding 3-mile area has a population of 95,408 and average household income of $68,458.
An absolute NNN lease runs through August 2032, with no landlord obligations for the roof, structure, or HVAC. Base rent increases 2% annually during the initial term and renewal periods, and three additional options could extend occupancy through 2047. The lease is supported by a guaranty from Green Ops Ocala LLC, an affiliate of the tenant.
The property is positioned on West University Avenue, two blocks east of the University of Florida campus, with 16,300 AADT at the site. Nearby context includes UF Health Shands, two student housing high-rises with more than 900 beds, and the Gainesville Innovation District. The surrounding 3-mile area has a population of 95,408 and average household income of $68,458.
Key Highlights
- 3,725 SF in‑line retail building occupied by a Jungle Boys cannabis dispensary
- Absolute NNN lease extends through August 2032 with no landlord roof, structure, or HVAC responsibilities
- 2% annual rent increases during the lease term and renewal periods
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
86k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 44%
Wawa
Shops & Services
42,539 visits/mo
0.2 miles
McDonald's
Dining
23,303 visits/mo
0.2 miles
Waffle House
Dining
5,906 visits/mo
0.3 miles
KFC
Dining
5,172 visits/mo
0.1 miles
Hungry Howie's Pizza
Dining
3,786 visits/mo
0.1 miles
Demographics for 32601, FL
22,039
Population
11,204
Households
2
Avg Household Size
27
Median Age
62%
College-Educated
97%
High-School Grad
4.6 sq mi
ZIP Area
4,791
Density / Sq Mi
$30,878
Median Household Income
$18,954
Median Earnings
$1,092
Median Rent
$284,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Cannabis property - In-line dispensary with a recently rebuilt building and absolute NNN lease structure.
Where is this cannabis property located?
The property is located at 1120 W University Avenue Gainesville, FL.
What is the asking price?
The asking price for this property is $4,105,777.
What are key features of this property?
This property features: 3,725 SF in‑line retail building occupied by a Jungle Boys cannabis dispensary; Absolute NNN lease extends through August 2032 with no landlord roof, structure, or HVAC responsibilities; 2% annual rent increases during the lease term and renewal periods
