3330 Archer Rd Gainesville, FL 32608-1731

Property Details for 3330 Archer Rd

Year built

1988

Construction

STEEL FRAME

Lot size

0.65 lot acres

Property size

720 SF

Zone code

BUS

Property type

Gas stations

APN

06784-003-000

APU

6784003000

Description

This fee-simple ownership opportunity presents a 493-square-foot Shell gas station in Gainesville, FL, boasting a 6.25% cap rate and a substantial $171,707 NOI. The property, situated on a 0.65-acre lot with 6 parking spaces, benefits from a 16-year remaining lease term (expiring 11/01/2040) with two 10-year options, featuring 2% annual rent bumps. Built in 1984 and renovated in 2020, this absolute NNN lease offers zero landlord responsibilities, making it an ideal passive investment. The property enjoys a prime location at a signalized intersection with high daily traffic (107,000 vehicles), excellent visibility, and significant street frontage. Its strategic placement across from the Butler Center, a major super-regional mall with over 10.5 million annual visitors, and within a dense residential area near the University of Florida (60,000+ students), ensures a strong consumer base. The property is zoned for general business (BUS) and has an APN of 06784-003-000. The 5-mile trade area boasts over 167,000 residents and 107,000 daytime employees, with average household incomes exceeding $83,621. This investment offers significant tax advantages and bonus depreciation opportunities. The asking price is $2,747,000, translating to $5,572.01 per square foot. The property is currently 100% occupied.

Location Insight

City

Gainesville

County

Alachua

State

Florida

Longitude

-82.3721

Latitude

29.6277

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments