Single-Tenant NNN
For Sale
Contact for pricing
3729 SW 40th Blvd, Gainesville, FL 32608
Brand-new build-to-suit restaurant with a covered patio and curbside pickup under an absolute NNN lease structure.
Property Size3,900 SF
Lot Size0.97 Acres
Price / SF$1,170
Days on Market51
Property Features for 3729 SW 40th Blvd
General Information
Standard status
Active
Size
3,900 SF
Class
A
Lot size
0.97 Acres
Property subtype
Retail
Zoning
Commercial / Retail Restaurant
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$239,538
Additional Details
Traffic Count
50,500 vehicles/day
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
Cantrell & Morgan
(904) 302-6943
Listed By:
Sean McGill · License #FL 3087553
Source:
Crexi
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 11 at 8:16PM
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 Cantrell & Morgan
Investment Insights
Based on property information with market context.
Built in 2023, this single-tenant, build-to-suit restaurant property totals 3,900 SF and is designed around a modern prototype. Improvements include modern finishes, a covered outdoor patio, monument signage, and dedicated curbside pickup spaces to support fast customer service. The asset is operated as a conventional restaurant under a long-term lease structure.
The property is located on a 0.967-acre outparcel at Butler Plaza, positioned at a signalized intersection of SW 40th Boulevard (Archer Road) and 50,500+ daily traffic count is cited in the public remarks. It is approximately one mile from the University of Florida campus, and the site benefits from co-tenancy and cross-traffic associated with Butler Plaza’s tenant base, which includes Target and Publix.
The lease commenced November 18, 2024, with over 8 years remaining on the initial 10-year term, plus three 5-year renewal options. This is described as an absolute NNN investment with zero landlord obligations, with the tenant responsible for 100% of taxes, insurance, and all maintenance, including roof, HVAC, parking lot, and landscaping. Built-in rent escalations include a 15% increase in Year 6 and 10% increases every five years thereafter, providing the stated inflation protection through Year 25.
The property is located on a 0.967-acre outparcel at Butler Plaza, positioned at a signalized intersection of SW 40th Boulevard (Archer Road) and 50,500+ daily traffic count is cited in the public remarks. It is approximately one mile from the University of Florida campus, and the site benefits from co-tenancy and cross-traffic associated with Butler Plaza’s tenant base, which includes Target and Publix.
The lease commenced November 18, 2024, with over 8 years remaining on the initial 10-year term, plus three 5-year renewal options. This is described as an absolute NNN investment with zero landlord obligations, with the tenant responsible for 100% of taxes, insurance, and all maintenance, including roof, HVAC, parking lot, and landscaping. Built-in rent escalations include a 15% increase in Year 6 and 10% increases every five years thereafter, providing the stated inflation protection through Year 25.
Key Highlights
- 2023‑vintage build‑to‑suit First Watch restaurant, 3,900 SF, on 0.967 acres at the signalized SW 40th Boulevard (Archer Road) & Butler Plaza intersection
- Absolute NNN single‑tenant lease: tenant responsible for 100% of taxes, insurance, and all maintenance (roof, HVAC, parking lot, landscaping)
- Lease commenced Nov. 18, 2024 with over 8 years remaining on the initial 10‑year term plus three 5‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
50,500 VPD
Traffic count
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 33%
Hotels & Casinos 23%
Circle K
Shops & Services
22,429 visits/mo
0.5 miles
Burger King
Dining
18,887 visits/mo
0.5 miles
Drury Inn & Suites Gainesville
Hotels & Casinos
6,183 visits/mo
0.4 miles
Hampton Inn Gainesville Florida
Hotels & Casinos
3,149 visits/mo
0.2 miles
Sleep Inn & Suites University/Shands
Hotels & Casinos
2,433 visits/mo
0.4 miles
Demographics for 32608, FL
55,540
Population
25,939
Households
2.1
Avg Household Size
29
Median Age
58%
College-Educated
95%
High-School Grad
44.5 sq mi
ZIP Area
1,248
Density / Sq Mi
$60,182
Median Household Income
$34,991
Median Earnings
$1,357
Median Rent
$340,200
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?
Conventional restaurant - Brand-new build-to-suit restaurant with a covered patio and curbside pickup under an absolute NNN lease structure.
Where is this conventional restaurant located?
The property is located at 3729 SW 40th Blvd Gainesville, FL.
What is the asking price?
The asking price for this property is $4,565,000.
What are key features of this property?
This property features: 2023‑vintage build‑to‑suit First Watch restaurant, 3,900 SF, on 0.967 acres at the signalized SW 40th Boulevard (Archer Road) & Butler Plaza intersection; Absolute NNN single‑tenant lease: tenant responsible for 100% of taxes, insurance, and all maintenance (roof, HVAC, parking lot, landscaping); Lease commenced Nov. 18, 2024 with over 8 years remaining on the initial 10‑year term plus three 5‑year renewal options
