2112 13th St Gainesville, FL 32608-1535

Property Details for 2112 13th St

Year built

2009

Construction

STEEL FRAME

Lot size

0.88 lot acres

Property size

9,100 SF

Zone code

U8

Property type

Outlet malls

APN

15552-000-000

APU

15552000000

Description

This exceptional investment opportunity presents a fee-simple, single-tenant Dollar General property located at 2112 SW 13th St, Gainesville, FL 32608. The 9,000 square foot building, constructed in 2009 on a 0.88-acre lot, boasts a strong 6.35% cap rate and a substantial net operating income (NOI) of $127,248. The property benefits from a long-term, net lease with a credit-rated, corporate-guaranteed tenant. The lease, originally commencing October 26, 2009, has a remaining term of approximately 4.9 years, followed by two 5-year renewal options with 10% rent increases each. Dollar General enjoys excellent visibility on a major commercial corridor (US Route 441), surrounded by complementary businesses, student housing, and residential communities. The property's strategic location is less than a mile from major hospitals and 1.5 miles from the University of Florida, benefiting from a large and diverse customer base. Daily traffic counts exceed 22,000 vehicles. The surrounding area boasts a strong demographic profile, with over 84,400 people within a 3-mile radius and an average household income exceeding $58,586. This property offers a compelling combination of strong tenant credit, a desirable location, and significant upside potential through lease escalations, making it an attractive investment for passive investors seeking stable, long-term income. The landlord is responsible for roof and structure maintenance

Location Insight

City

Gainesville

County

Alachua

State

Florida

Longitude

-82.3399

Latitude

29.6321

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments