2278 43Rd St Gainesville, FL 32606
- Lifestyle centers
- 3,500 SF
Current Use by Public Records
- Cox Store / Internet Service Provider / Cable Company
Property Details for 2278 43Rd St
- Year built
- 2024
- Property size
- 3,500 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a brand-new, 3,500 square foot retail building in Gainesville, Florida, occupied by Cox Communications under a 10-year net lease. The property boasts a strong 5.85% cap rate and a substantial $175,000 annual net operating income (NOI). The lease includes 10% rent increases every five years and two five-year renewal options, ensuring long-term income stability. Cox Communications, a highly rated investment-grade tenant with a corporate guarantee, provides exceptional creditworthiness. Strategically located at a signalized intersection with high daily traffic counts (43,800 vehicles), the property benefits from its proximity to major roadways, including Interstate 75, and is part of a larger developing commercial area including a new urgent care facility and planned retail space. The location also enjoys excellent visibility and accessibility, situated near established shopping centers like The Marketplace, Thornbrook Village, and Millhopper Shopping Center, and across the street from a high-performing Publix supermarket. The affluent surrounding neighborhood, with an average household income exceeding $119,955 within a one-mile radius, further enhances the property's investment potential. Built in 2024, this single-story building is zoned for general office use and offers a compelling return on investment for discerning buyers. The asking price is $2,991,500, translating to $854.71 per square foot.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.3893
- Latitude
- 29.6738
