Single-Tenant NNN
3729 SW 40th Blvd, Gainesville, FL 32608
For Sale
$4,565,000
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 Market141
Property Features for 3729 SW 40th Blvd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Traffic Count
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Cantrell & Morgan
Listed By:
Sean McGill · License FL #3087553
(904) 302-6943
Source:
Commercialcafe
Added: Jun 23
Changed: Nov 7
Last Checked: Nov 10 at 5:12AM
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
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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
Who owns this building?
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Current Use
Lease Details
50,500 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 37%
Las Margaritas
Dining
13,737 visits/mo
0.4 miles
Truist
Shops & Services
3,549 visits/mo
0.3 miles
Wells Fargo
Shops & Services
3,262 visits/mo
0.3 miles
Banfield Pet Hospital
Shops & Services
1,309 visits/mo
0.3 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
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Market
Vacancy Rate% for Retail in South region
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
