3729 SW 40th Blvd, Gainesville, FL 32608

Building Details

Year Built

2023

Listing office Cantrell & Morgan s***@cantrellmorgan.com Show Phone

Listing date Jun 22, 2026

Source Crexi

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Overview

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.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Gainesville

County

Alachua

State

Florida

Longitude

-82.385227

Latitude

29.687405

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FAQs

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