3021 SW 34th St - Restaurant FOR SALE


Gainesville, FL 32608- South Gainesville
$5,058,000 USD
973-294-8249
3021 SW 34th St, Gainesville, FL for Sale
$5,058,000 USD
Restaurant - FOR SALE
1/6
null | 5.45% Cap Rate

3021 SW 34th St
Gainesville, FL 32608
South Gainesville


HIGHLIGHTS

  • Attractive Rent Increases
  • Zero Landlord Responsibilities
  • Dynamic Tenant
  • Strategic Retail Location
  • University of Florida
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Carrabba’s Italian Grill investment property located at 3021 SW 34th Street in Gainesville, Florida (the “Property”). Carrabba’s Italian Grill has been at this location since 2012 (13 years) and has 7+ years remaining on their Absolute NNN Lease, followed by four (4), 5-year renewal options. The lease features annual rent increases throughout the primary lease term and each renewal option. The Property benefits from its location along SW 34th Street (SR 121), adjacent to the intersection with SW Archer Road (SR 24), two of the area’s primary commercial and commuter corridors. Carrabba’s Italian Grill is shadow anchored by a grocery anchored shopping center and is surrounded by large, big-box retailers, countless shopping centers, nationally branded hotels, student housing complexes, and large residential communities, all of which provide a built-in customer base and drive traffic to the area. The Property is 1-mile from Interstate 75, 2-miles from the VA Hospital of Gainesville and the University of Florida Shands Hospital, and 2.2-miles from the University of Florida’s primary campus and athletic facilities. The Property is situated just southwest of downtown Gainesville, and enjoys close proximity to the city’s municipal offices, businesses, and area schools.

FOR SALE DETAILS

PRICE

$5,058,000 USD

PRICE/SF

$740 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carrabba's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael TalbertHorvath & TremblayMore Info
973-294-8249

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Michael TalbertHorvath & TremblayMore Info
973-294-8249

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.