7770 Newberry Rd Gainesville, FL 32606-6724

Property Details for 7770 Newberry Rd

Year built

1992

Construction

WOOD

Lot size

0.39 lot acres

Property size

3,600 SF

Zone code

BH

Property type

Turn key restaurants

APN

06331-041-000

APU

6331041000

Description

This exceptional investment opportunity presents a freestanding, 3,713 square foot Moe's Southwest Grill located at 7770 W Newberry Rd, Gainesville, FL 32606 in Alachua County. The property, built in 1992 and renovated in 2002, boasts a 100% occupancy rate under an Absolute NNN lease with 13 years remaining. The current asking price is $2,185,000, translating to a compelling price per square foot of $588.47 and a 6.00% capitalization rate. The property benefits from a strong tenant in Moe's Southwest Grill, a well-established and recognizable brand within the Quick Service Restaurant (QSR) sector. The lease structure includes a rare 2.5% annual rent increase, providing significant long-term growth potential for the investor. This single-building property offers a secure, passive income stream with built-in appreciation. The location in Gainesville, Florida, ensures consistent traffic and customer base for the tenant. This is a turnkey investment ideal for those seeking a stable, high-return asset in a thriving market. The property's strong financials and long-term lease make it an attractive opportunity for discerning investors. The details provided represent a summary and should be verified independently.

Location Insight

City

Gainesville

County

Alachua

State

Florida

Longitude

-82.4256

Latitude

29.6601

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments