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Available For Sale - Retail

9,070 SF | Show Pricing $

AVAILABILITY DETAILS

Size
9,070 SF
Price/SF
Show Pricing $
Listing ID
SA427303
Notes
Marcus & Millichap is pleased to present the opportunity to acquire a Dollar General in Newberry, Florida. This Dollar General has a 10-year, double net, corporate guaranteed lease with seven years remaining on the base term. The lease offers three, five-year options to extend. There are 10 percent rent increases every five years throughout the base term and option periods. Dollar General has proved to have a very strong commitment to this site, as the tenant has operating here since for almost 20 years.



The subject property Is located on Newberry Road which has a daily traffic count of more than of 20,000 vehicles. Newberry, Florida is 17 miles west of Gainesville and is part of the Gainesville MSA. Gainesville is home to the University of Florida, which is the state’s largest and oldest university.



The University of Florida, along with Shands Hospital at UF, are the leading employers in the Gainesville area and provide jobs for many residents of surrounding counties. Gainesville is one of the state’s centers of education, medicine, cultural events and athletics.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Barry Wolfe, Wolfe-Lipsky Retail Group of Marcus & Millichap