Single-Tenant Auto
For Sale
Contact for pricing
1426 N Main St, Gainesville, FL 32601
Occupied by Brakes 4 Less under a new net lease with multiple renewal options.
Property Size3,294 SF
Price / SF$258.04
Days on Market260
Property Features for 1426 N Main St
General Information
Standard status
Active
Size
3,294 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Core
Building Details
Year Built
1974
Year Renovated
1985
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
CBRE - Tampa
Listed By:
James Garner, CCIM · License #FL SL3273659
Source:
Crexi
Added: Jan 29
Changed: Oct 2
Last Checked: Oct 16 at 7:36AM
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 CBRE - Tampa
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Investment Insights
Based on property information with market context.
This 3,294-square-foot automotive property is a single-tenant auto shop occupied by Brakes 4 Less. Built in 1974, the property is subject to a new 10-year net lease with 2% annual increases beginning in year five. The agreement also includes four 5-year renewal options and no landlord obligations.
The property is located in Gainesville, Florida, approximately 2 miles from the University of Florida. The university supports more than 62,000 students and approximately 6,700 faculty, while the surrounding 3-mile area includes 75,501 residents. Gainesville is served directly by I-75, providing regional connections for customers, employees, and deliveries. The Gainesville MSA includes Alachua, Gilchrist, and Levy counties and has a population exceeding 355,000.
The property is located in Gainesville, Florida, approximately 2 miles from the University of Florida. The university supports more than 62,000 students and approximately 6,700 faculty, while the surrounding 3-mile area includes 75,501 residents. Gainesville is served directly by I-75, providing regional connections for customers, employees, and deliveries. The Gainesville MSA includes Alachua, Gilchrist, and Levy counties and has a population exceeding 355,000.
Key Highlights
- 3,294 SF single‑tenant automotive property
- Occupied by Brakes 4 Less
- New 10‑year net lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,926
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,520
$698.5K
Cap Rate 7%
$498,943
$498.9K
Cap Rate 9%
$388,067
$388.1K
Market Conditions
NOI Build-Up for 3,294 SF
Gross rent
$53.4K $16.20/SF
− Vacancy
−$3.5K −$1.05/SF
EGI
$49.9K $15.15/SF
− OpEx
−$15.0K −$4.54/SF
NOI
$34.9K $10.60/SF
Area
Gainesville, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,520
Cap Rate 7%
$498,943
Cap Rate 9%
$388,067
Alternative Uses
Best Use
Retail
$498.9K
$436.6K – $582.1K
NOI $34,926 @ 7.0% cap · market cap 4.11%
Second Best
Industrial
$319.2K
$279.3K – $372.4K
NOI $22,343 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$815.9K
$713.9K – $951.8K
NOI $57,110 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,248
Businesses Nearby
156k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Groceries 26%
Shops & Services 19%
Apparel 8%
Publix
Groceries
40,701 visits/mo
0.1 miles
Circle K
Shops & Services
18,580 visits/mo
0.2 miles
Wendy's
Dining
15,258 visits/mo
0.2 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
14,655 visits/mo
0.3 miles
Burger King
Dining
13,417 visits/mo
0.2 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- PPG Collision Repair Center — 310 NW 6th St, Gainesville, FL 32601
- Dave Barber's Paint & Body Inc — 310 NW 6th St, Gainesville, FL 32601
- Shifters Transmission — 635 NW 13th St, Gainesville, FL 32601
- Advanced Auto Care — 635 nw 13th st, gainesville, fl 32601
- Mobile Scooter Repair — 600 NW 13th St, Gainesville, FL 32601
Frequently Asked Questions
What type of property is this?
Auto shop - Occupied by Brakes 4 Less under a new net lease with multiple renewal options.
Where is this auto shop located?
The property is located at 1426 N Main St Gainesville, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,294 SF single‑tenant automotive property; Occupied by Brakes 4 Less; New 10‑year net lease
