NNN Retail
For Sale
$4,497,182
15174 NW Us Highway 441, Alachua, FL 32615
Corporate-backed retail property with a long operating history and established highway access.
Property Size12,701 SF
Days on Market240
Property Features for 15174 NW Us Highway 441
General Information
Standard status
Active
Size
12,701 SF
Class
C
Property subtype
Street Retail
Site & Location
Traffic Count
22,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
12,701 SF
Year Built
2004
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Danny Samona · License #6501387591
(734) 945-5967
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 6
Last Checked: Oct 16 at 5:45AM
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 Encore Real Estate Investment Services
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Investment Insights
Based on property information with market context.
This NNN retail property was built in 2004 and is occupied by CVS under a lease with more than 5 years remaining. The lease structure places no landlord responsibilities on the owner, and the site has supported continuous occupancy for more than 20 years. CVS provides a corporate guarantee and operates over 9,000 locations nationwide.
The property fronts NW US Highway 441/M L King Blvd, a corridor reporting daily traffic counts above 22,500 vehicles. It is near the signalized junction with NW 140th St and offers multiple entry and exit points with ample on-site parking. The surrounding retail corridor includes Lowe's, Taco Bell, Popeye's, Dollar Tree, Subway, AutoZone, and AT&T.
The property fronts NW US Highway 441/M L King Blvd, a corridor reporting daily traffic counts above 22,500 vehicles. It is near the signalized junction with NW 140th St and offers multiple entry and exit points with ample on-site parking. The surrounding retail corridor includes Lowe's, Taco Bell, Popeye's, Dollar Tree, Subway, AutoZone, and AT&T.
Key Highlights
- NNN lease with more than 5 years remaining and no landlord responsibilities
- CVS occupancy supported by a corporate guarantee and over 9,000 locations nationwide
- Occupancy history exceeding 20 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,231
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,024,620
$3.0M
Cap Rate 7%
$2,160,443
$2.2M
Cap Rate 9%
$1,680,344
$1.7M
Market Conditions
NOI Build-Up for 12,701 SF
Gross rent
$213.4K $16.80/SF
− Vacancy
−$11.7K −$0.92/SF
EGI
$201.6K $15.88/SF
− OpEx
−$50.4K −$3.97/SF
NOI
$151.2K $11.91/SF
Area
Alachua County, FL
Vacancy
5.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,024,620
Cap Rate 7%
$2,160,443
Cap Rate 9%
$1,680,344
Alternative Uses
Best Use
Specialty Retail
$2.16M
$1.89M – $2.52M
NOI $151,231 @ 7.0% cap · market cap 3.36%
Second Best
Retail
$1.98M
$1.73M – $2.31M
NOI $138,620 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$3.20M
$2.80M – $3.74M
NOI $224,137 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
22,500 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
65k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 43%
Electronics 3%
Circle K
Shops & Services
12,948 visits/mo
0.1 miles
Taco Bell
Dining
12,495 visits/mo
0.3 miles
Dollar Tree
Shops & Services
7,573 visits/mo
0.4 miles
Moe's Southwest Grill
Dining
5,701 visits/mo
0.5 miles
El Toro
Dining
5,673 visits/mo
0.5 miles
Demographics for 32615, FL
16,524
Population
6,908
Households
2.4
Avg Household Size
44
Median Age
40%
College-Educated
95%
High-School Grad
137.8 sq mi
ZIP Area
120
Density / Sq Mi
$79,983
Median Household Income
$49,772
Median Earnings
$1,131
Median Rent
$289,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Corporate-backed retail property with a long operating history and established highway access.
Where is this nnn property located?
The property is located at 15174 NW Us Highway 441 Alachua, FL.
What is the asking price?
The asking price for this property is $4,497,182.
What are key features of this property?
This property features: NNN lease with more than 5 years remaining and no landlord responsibilities; CVS occupancy supported by a corporate guarantee and over 9,000 locations nationwide; Occupancy history exceeding 20 years
