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1120 W University Ave
Gainesville, FL 32601 Midtown Gainesville

$4,105,777 USD

Restaurant For Sale  •  3,725 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 3,725 SF
  • Lot Size 0.14 AC
  • Building Class B
  • Year Built 1935
  • Tenancy Single
  • Zoning U9
50 Transit Score
80 Walk Score

Highlights

Absolute NNN lease with no Landlord responsibilities, including roof, structure and HVAC, delivering a fully passive income stream
Rent grows 2% annually through the term and every renewal option, a built-in hedge against inflation
Roughly six years of remaining term, guaranteed by Green Ops Ocala LLC, an affiliate of the operating tenant
Jungle Boys operates 15 approved dispensing locations in Florida, its largest market by store count
Jungle Boys rebuilt the building at its sole cost, with no Landlord contribution
The University of Florida, two blocks west, enrolls 63,148 students and anchors demand along the corridor

Public Transportation

AirportDriveWalkDistance
Gainesville Regional 15 min - 5.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Surface
Included in Rent: Yes
Ari Ravi 727-452-6864 RIPCO Real Estate
Ari Ravi 727-452-6864 RIPCO Real Estate