520 University Ave Archer, FL 32618
- Retail properties
- 8,000 SF
- 1.12 lot acres
Current Use by Public Records
- Family Dollar / Toy Store / Wine Store
- Blue Rhino Propane Exchange / Propane Supplier
- Primo Water Exchange / Bottled Water Supplier
Property Details for 520 University Ave
- Lot size
- 1.12 lot acres
- Property size
- 8,000 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a freestanding Family Dollar store located at 520 N University Ave, Archer, FL 32618. The property boasts 8,000 square feet on a 1.12-acre lot and is currently operating at 100% occupancy under a Net Lease agreement. The tenant, Family Dollar, is backed by a corporate guarantee, providing significant security for the investor. The lease commenced February 1, 2011, and has a remaining term of approximately 6.2 years, with three 5-year renewal options extending the lease to January 31, 2031. The property generates a substantial net operating income (NOI) of $122,537, resulting in an attractive 7.56% cap rate. The asking price is $1,620,000, translating to a price per square foot of $202.50. This property benefits from a high-traffic count in the immediate vicinity and a strong average household income within a 5-mile radius. The minimal landlord responsibilities associated with the Net Lease structure make this an ideal low-maintenance investment. Located just 16 miles from Gainesville, FL, this Family Dollar store offers a compelling combination of strong tenant performance, favorable lease terms, and a desirable location. This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Archer
- County
- Alachua
- State
- Florida
- Longitude
- -82.5196
- Latitude
- 29.5361
