3857 SW Archer Rd - Caliber Car Wash - Gainesville, FL
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3857 SW Archer Rd - Caliber Car Wash - Gainesville, FL
5,000 SF Specialty Building Offered at $7,968,735 CAD at a 6.50% Cap Rate in Gainesville, FL 32608
Investment Highlights
- 2-Miles to the University of Florida
- Directly off Interstate 75 (68,500)
- Potential 80% Bonus Depreciation
- New 20-Year Lease
Executive Summary
Brand New 20-Year Lease | Corporate Guaranteed Lease | Annual Rental Increases | Options To Extend
- The tenant, Caliber Car Wash, is an experienced car wash operator with 40+ locations in five different states throughout the Southeast as well as multiple future locations currently under development
- Caliber Car Wash signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
- The lease features 1.50% annual rental increases, growing NOI, hedging against inflation, and increasing return on the investment
Bonus Depreciation | Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
- This asset qualifies for 60% bonus depreciation
- Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
- No landlord responsibilities
- Ideal, management-free investment for a passive investor in a state with no state income tax
Fronting Archer Road | Primary Thoroughfare & Dense Corridor | Strong Tenant Synergy | Directly off Interstate 75
- The asset is strategically fronting Archer Road, the primary East/West thoroughfare of Gainesville as well as a dense retail corridor
- Surrounding national/credit tenants include Target, Whole Foods, Trader Joe’s, Lowe’s, Sam’s Club, Total Wine, Publix, and much more
- Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover exposure for Caliber Car Wash
- Directly off Interstate 75 (68,500 VPD)
2 Miles West From University of Florida | Strong Demographics In 5-mile Trade Area
- Caliber Car Wash is 2 miles West from the University of Florida (52,000+ students)
- More than 152,000 residents and 97,000 employees support the trade area
- $78,825 average household income
- The tenant, Caliber Car Wash, is an experienced car wash operator with 40+ locations in five different states throughout the Southeast as well as multiple future locations currently under development
- Caliber Car Wash signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
- The lease features 1.50% annual rental increases, growing NOI, hedging against inflation, and increasing return on the investment
Bonus Depreciation | Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
- This asset qualifies for 60% bonus depreciation
- Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
- No landlord responsibilities
- Ideal, management-free investment for a passive investor in a state with no state income tax
Fronting Archer Road | Primary Thoroughfare & Dense Corridor | Strong Tenant Synergy | Directly off Interstate 75
- The asset is strategically fronting Archer Road, the primary East/West thoroughfare of Gainesville as well as a dense retail corridor
- Surrounding national/credit tenants include Target, Whole Foods, Trader Joe’s, Lowe’s, Sam’s Club, Total Wine, Publix, and much more
- Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover exposure for Caliber Car Wash
- Directly off Interstate 75 (68,500 VPD)
2 Miles West From University of Florida | Strong Demographics In 5-mile Trade Area
- Caliber Car Wash is 2 miles West from the University of Florida (52,000+ students)
- More than 152,000 residents and 97,000 employees support the trade area
- $78,825 average household income
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $7,968,735 CAD | Property Subtype | Car Wash |
| Price Per SF | $1,594 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.82 AC |
| Cap Rate | 6.50% | Building Size | 5,000 SF |
| Sale Conditions | Build to Suit | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Price | $7,968,735 CAD |
| Price Per SF | $1,594 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Sale Conditions | Build to Suit |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.82 AC |
| Building Size | 5,000 SF |
| No. Stories | 1 |
| Year Built | 2023 |
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Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 06812-005-000 | Improvements Assessment | $490,057 CAD |
| Land Assessment | $2,387,116 CAD | Total Assessment | $2,877,174 CAD |
PROPERTY TAXES
Parcel Number
06812-005-000
Land Assessment
$2,387,116 CAD
Improvements Assessment
$490,057 CAD
Total Assessment
$2,877,174 CAD
zoning
| Zoning Code | General Business |
| General Business |
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Power Broker Patrick Nutt -
William Wamble -
Jake Iacovella -
SRS Real Estate Partners
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3857 SW Archer Rd - Caliber Car Wash - Gainesville, FL
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