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Shell 3850 Newberry Rd

8,642 SF Retail Building Gainesville, FL 32607 $6,930,739 CAD ($802 CAD/SF) 6.25% Cap Rate

Retail Space Florida Gainesville 3850 Newberry Rd, Gainesville, FL 32607

Investment Highlights

  • 21-Year Absolute NNN Lease
  • 2.00% Annual Increases
  • 185,000+ Population within 5-Miles
  • Three Guarantors ($70MM+ Net Worth)
  • 28-Unit Operating LLC
  • Two, 10-Year Options

Executive Summary

Embree Capital Markets is pleased to offer for sale to qualified investors a unique freestanding Shell gas stations and convenience stores. This is an opportunity for an investor to acquire well located gas stations in a personal income tax free state. The subject property received various property renovations in 2020. The absolute NNN leases feature 2.00% annual increases during their 21- year primary term and features two, 10-year extension options.

Attachments

3850 Newberry Rd. Gainsville, FL - Shell V24

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
8,642 SF
Building Class
C
Year Built/Renovated
2004/2020
Price
$6,930,739 CAD
Price Per SF
$802 CAD
Cap Rate
6.25%
NOI
$433,163 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Land Acres
0.80 AC
Zoning
BA
Parking
8 Spaces (2.66 Spaces per 1,000 SF Leased)
Frontage
80 ft on Newberry Rd

Amenities

  • Pylon Sign

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Mining, Quarrying, and Oil and Gas Extraction
  • 3,010 SF
  • $140.92 CAD
  • Net
  • Nov 2040

Shell is an international energy company with expertise in the exploration, production, refining and marketing of oil and natural gas, and the manufacturing and marketing of chemicals. They use advanced technologies and take an innovative approach to help build a sustainable energy future. They invest in power, including from renewable sources such as wind and solar. They also invest in electric vehicle charging and low-carbon fuels for transport, such as advanced biofuels and hydrogen

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Mining, Quarrying, and Oil and Gas Extraction 3,010 SF $140.92 CAD Net Nov 2040
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3850 Newberry Rd, Gainesville, FL - aerial map view - Image1
3850 Newberry Rd, Gainesville, FL - aerial map view - Image2
3850 Newberry Rd, Gainesville, FL - aerial map view - Image3
3850 Newberry Rd, Gainesville, FL - aerial map view - Image4
Bike Score ®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
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Nearby Major Retailers

PDQ
Checkers
Southstate Bank
Gator's Dockside-Gainesville
Publix Pharmacy
RBC Royal Bank
Td Bank
Truist
VyStar Credit Union
Capital City Bank

PROPERTY TAXES

Parcel Number 06501-010-000 Improvements Assessment $424,399 CAD
Land Assessment $727,083 CAD Total Assessment $1,151,481 CAD

PROPERTY TAXES

Parcel Number
06501-010-000
Land Assessment
$727,083 CAD
Improvements Assessment
$424,399 CAD
Total Assessment
$1,151,481 CAD
(512) 819-4729

  • Listing ID: 31845766

  • Date on Market: 2024-05-17

  • Last Updated:

  • Address: 3850 Newberry Rd, Gainesville, FL 32607

The Retail Property at 3850 Newberry Rd, Gainesville, FL 32607 is currently available For Sale. Contact Embree Capital Markets Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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3850 Newberry Rd, Gainesville, FL for sale Building Photo- Image 1 of 9
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3850 Newberry Rd, Gainesville, FL for sale Building Photo- Image 2 of 9
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3850 Newberry Rd, Gainesville, FL for sale Aerial- Image 6 of 9
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3850 Newberry Rd, Gainesville, FL for sale Aerial- Image 7 of 9
Surrounding Area
3850 Newberry Rd, Gainesville, FL for sale Plat Map- Image 8 of 9
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Shell | 3850 Newberry Rd
(512) 819-4729 x

Shell | 3850 Newberry Rd

Klinton Lewis

(512) 819-4729

(512) 819-4729

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