16314 Us Highway 441, Alachua, FL 32615

Property Details for 16314 Us Highway 441

Year built

2024

Lot size

0.47 lot acres

Property type

Medical Office Space

Description

This exceptional investment opportunity presents the fee-simple ownership of a brand-new, 8,672-square-foot medical office building in Alachua, Florida. The property is located at 16314 NW US Hwy 441, benefiting from high visibility on a major thoroughfare with approximately 28,426 vehicles passing daily. Currently 100% occupied by MainStreet Urgent Care under a 15-year triple-net (NNN) lease commencing November 1, 2024, and expiring October 31, 2039. The lease includes four (4) five (5)-year renewal options with a 10% rent increase every five years. The property boasts a strong 6.25% cap rate and a Net Operating Income (NOI) of $130,000. Built in 2024, this single-tenant facility sits on a 0.47-acre lot and offers a price per square foot of $239.85. The asking price is $2,080,000. The tenant, MainStreet Urgent Care, is a regional operator with 50 locations across four states, providing a strong corporate guarantee. The property's strategic location is further enhanced by its proximity to a Publix Super Market, drawing an estimated 1.2 million annual visitors, and is surrounded by a mix of residential, retail, and educational establishments, including Sante Fe High School. The surrounding area demonstrates a robust average household income of $98,652. This presents a compelling investment opportunity with significant long-term potential.

Location Insight

City

Alachua

County

Alachua

State

Florida

Longitude

-82.5288586

Latitude

29.8046129