3857 Archer Rd Gainesville, FL 32608-2339

Property Details for 3857 Archer Rd

Year built

1992

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.82 lot acres

Property size

4,320 SF

Zone code

BUS

Property type

Gas stations

APN

06801-001-001

APU

6801001001

Description

This exceptional investment opportunity presents a brand-new, 3,648 square foot Caliber Car Wash located at 3857 SW Archer Rd, Gainesville, FL 32608. The property sits on a 1.82-acre lot and boasts a 20.1-year absolute NNN lease with 1.50% annual rent bumps, commencing September 13, 2023, and expiring September 30, 2043. The lease includes four 5-year renewal options, showcasing the tenant's long-term commitment. With a current NOI of $365,400 and an asking price of $5,622,000, this property offers a compelling 6.50% cap rate. The property benefits from a corporate guaranteed lease, eliminating landlord responsibilities, and qualifies for bonus depreciation. Strategically located on Archer Road, a primary thoroughfare with high traffic volume, and directly off Interstate 75 (90,000 vehicles per day), this car wash enjoys excellent visibility and accessibility. The surrounding area features strong tenant synergy with national retailers such as Target, Whole Foods, Trader Joe's, Lowe's, Sam's Club, Total Wine, and Publix. Furthermore, the property's proximity to the University of Florida (2 miles west) and a robust local population (over 152,000 residents and 97,000 employees within a 5-mile radius) ensures a consistent customer base. The average household income within the 5-mile trade area is $78,825. This is a management-free investment opportunity in a state with no state income tax, offering significant potential for passive income growth. The property's APN is 06801-001-001.